Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    554 Congress St Portland, ME 04101

    Sponsored
    For Lease
    $17 SF/Yr

    Historic Portland retail space, multiple tenants.

    Lot size:
    125,790 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 125,790 square foot retail property, located at 554 Congress Street in Portland, Maine, presents a unique investment opportunity. The building, constructed in 1900, boasts a prominent location and is classified as a Class B property. The five-story structure sits on a single lot (Map 37, Block G, Lot 14, APN) and is zoned B3, allowing for a variety of commercial uses. Currently configured for multiple tenants, the space is ideal for a diverse range of businesses, including restaurants and offices, reflecting its versatile subtype. The building's substantial size offers significant potential for expansion or redevelopment, catering to the needs of a growing business or a portfolio of tenants. Its prime location in Portland, ME (zip code 04101) ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a strong foothold in a thriving urban market. The property's rich history and substantial square footage combine to create a compelling investment opportunity in a desirable location. Serious inquiries are encouraged to explore the full potential of this remarkable property.

    Property Features for 554 Congress St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    125,790 SF
    Class
    B
    Total Rate
    178621.8

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    5

    Unit(s) available at that property

    Space
    Corner Space
    Size
    1,621 SF
    Rate per SF
    $17

    HighLights

    • 1,621± SF of retail space available.
    • High‑visibility Congress Street location with strong foot traffic.
    • Suitable for restaurant or food service use.
    • Ample nearby parking options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.261872052777
    Latitude
    43.655315459797

    Nearby Similar for Lease

    • $19 SF/Yr
      1,550 SF

      Waterfront Commercial Space on Portland Pier

      1,550 SF commercial space with harbor views.
      39 Portland Pier, Portland, ME 04101
      View Details
    • $40 SF/Yr
      800 SF

      Retail Space on Portland Waterfront

      Retail or service space with excellent waterfront visibility.
      1 Commercial St, Portland, ME 04101
      View Details
    • $8 SF/Yr
      5,442 SF

      Portland Office Space for Lease

      Flexible workspace solutions in prime location.
      400 Congress St, Portland, ME 04101
      View Details
    • $25 SF/Yr
      8,229 SF

      Downtown Portland Food Hall Space

      8,229 SF food hall in downtown Portland for lease.
      28 Monument Sq, Portland, ME 04101
      View Details
    • $10 SF/Yr
      20,725 SF

      Portland Retail/Flex/Industrial Space Available

      20,725-45,567± SF retail/flex/industrial space for lease in Portland.
      75 Northport Dr, Portland, ME 04103
      View Details
    • Contact for pricing
      15,360 SF

      Portland Mixed-Use Commercial Space

      Prime Portland location, office & warehouse space available.
      306 Warren Ave, Portland, ME 04103
      View Details
    • $30 SF/Yr
      6,300 SF

      Prime West Bayside Retail Space

      New construction, luxury location, patio space.
      52 Hanover St, Portland, ME 04101
      View Details
    • $4,295,000
      27,800 SF

      Downtown Portland Mixed-Use Building

      Mixed-use building with retail and residential units in downtown Portland.
      540 Congress St, Portland, ME 04101
      View Details
    • $26 SF/Yr
      7,500 SF

      Iconic Old Port Retail Space

      Prime retail location in the heart of Portland's waterfront district.
      373 Forest, Portland, ME 04101
      View Details
    • Contact for pricing
      120,000 SF

      New Class A Office Building

      New construction Class A office space in Rock Row development.
      100 Quarry Rd, Portland, ME 04103
      View Details
    • $450 /Mo
      325 SF

      Professional Office Space in Portland

      Bright office space in Portland's Old Port District.
      29 Exchange St, Portland, ME 04101
      View Details
    • $16 SF/Yr
      10,894 SF

      Portland Flex Space with Restaurant

      10,894± SF commercial space in Portland's popular neighborhood.
      123 Washington Ave, Portland, ME 04101
      View Details

    FAQs

    What type of property is this?
    Restaurant - Historic Portland retail space, multiple tenants.
    Where is this restaurant located?
    The property is located at 554 Congress St Portland, ME.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 1,621± SF of retail space available.; High-visibility Congress Street location with strong foot traffic.; Suitable for restaurant or food service use.
    Request Owner's contact information
    554 Congress St Portland, ME 04101
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    554 Congress St
    Portland, ME 04101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    554 Congress St Portland, ME 04101
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.