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    375 Riverside St Portland, ME 04103

    Sponsored
    For Sale
    $3,795,000

    High-traffic retail space, flexible layouts.

    Property size:
    3,050 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Portland, Maine retail property, located at 375 Riverside Street, offers a unique investment and/or owner-user opportunity. Situated on a 2.797-acre lot with approximately 300 feet of road frontage on a high-traffic corridor (18,300 AADT in 2019), this property boasts unparalleled visibility and accessibility, just one mile from I-95 Exit 48 and the Rock Row Development. The building, constructed in 1989 and renovated in 1995, features flexible layouts ranging from 3,050 to 26,285 square feet, suitable for a variety of retail uses, including storefront, shopping center, or auto shop configurations. The property is zoned B4 and offers a Net Net Net (NNN) lease type. The asking price is $3,795,000. This location benefits from its proximity to established businesses such as Home Depot, Berlin City Toyota, Empeople Credit Union, REI, and Chick-fil-A, making it an ideal location for businesses seeking high visibility and strong community presence in a rapidly growing area of Greater Portland. The property's high "lease-ability" enhances its value and potential for repurposing, making it attractive to both owner-users and investors. The APN is 05170_317 B005.

    Property Features for 375 Riverside St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    3,050 SF
    Lot Size
    121,837 SF

    Building Details

    Year Built/Renovated
    1989/1995

    HighLights

    • Exceptional Portland, ME retail property at 375 Riverside Street, offering investment and owner‑user opportunities.
    • 2.79‑acre lot with ~300' of high‑traffic road frontage (18,300 AADT in 2019), one mile from I‑95 Exit 48 and Rock Row Development.
    • 1989 construction, renovated in 1995, offering flexible layouts from 3,050 to 26,285 square feet, suitable for various retail uses.
    • B4 zoning, NNN lease, $3,795,000 asking price.
    • Strong location near Home Depot, Berlin City Toyota, and other major retailers. APN: 05170_317 B005.
    Property Profile Location Intelligence

    Current Use by Public Records

    Big Moose Harley-Davidson Harley-Davidson Dealer EagleRider Motorcycle Rentals ... Motorcycle Rental Agency ChargePoint Charging Station Electric Vehicle Charging Station

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.32735422
    Latitude
    43.68888883

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic retail space, flexible layouts.
    Where is this lifestyle center located?
    The property is located at 375 Riverside St Portland, ME.
    What is the asking price?
    The asking price for this property is $3,795,000.
    What are key features of this property?
    This property features: Exceptional Portland, ME retail property at 375 Riverside Street, offering investment and owner-user opportunities.; 2.79-acre lot with ~300' of high-traffic road frontage (18,300 AADT in 2019), one mile from I-95 Exit 48 and Rock Row Development.; 1989 construction, renovated in 1995, offering flexible layouts from 3,050 to 26,285 square feet, suitable for various retail uses.
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    Portland, ME 04103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    375 Riverside St Portland, ME 04103
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