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    85 India St Portland, ME 04101

    Sponsored
    For Sale
    $1,395,000

    Historic building, net-leased, high-growth area.

    Property size:
    4,830 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use storefront property at 85 India St, Portland, ME 04101, presents a compelling investment opportunity. The 4,830 square foot building, constructed in 1903, is a three-story Class B structure situated on a 0.592-acre lot. Currently occupied by Brass & Briar Tattoo Studio under a net lease extending through 2027, with an option to 2030, the tenant is responsible for all maintenance except roof and structure, which are landlord responsibilities. A new high-efficiency heating system was installed in 2022. The asking price is $1,395,000, translating to $288 per square foot. Zoned under permit 27, this single-tenant property offers significant potential. The highly walkable location within Portland's rapidly appreciating Old Port neighborhood presents opportunities for future development. With tenant approval, the first or third floor could potentially be used by the owner. This is a rare chance to acquire a stable, income-producing asset in a vibrant and desirable location. The property is owned by Eighty Five, LLC.

    Property Features for 85 India St

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,830 SF
    Class
    B
    Lot Size
    25,788 SF

    Building Details

    Year Built
    1903
    Buildings
    1
    Stories
    3
    Units
    1

    HighLights

    • Exceptional mixed‑use storefront investment opportunity in Portland, ME's Old Port.
    • 4,830 SF, three‑story Class B building on a 0.59‑acre lot, built in 1903.
    • Net‑leased to Brass & Briar Tattoo Studio through 2027 (option to 2030); tenant responsible for most maintenance.
    • New high‑efficiency heating system (2022); asking price: $1,395,000 ($288/SF).
    • Zoned under permit 27; potential for owner‑use (with tenant approval).
    Property Profile Location Intelligence

    Current Use by Public Records

    Brass & Briar Studios Tattoo And Piercing Shop

    Suggested Use

    Realty agency Dental Office Spa & Massage Restaurant Hair Salon Nail Salon Building Supply Daycare Center Kitchen & Bath 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
    -70.251244979498
    Latitude
    43.661442151867

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    FAQs

    What type of property is this?
    Individual retail property - Historic building, net-leased, high-growth area.
    Where is this individual retail property located?
    The property is located at 85 India St Portland, ME.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: Exceptional mixed-use storefront investment opportunity in Portland, ME's Old Port.; 4,830 SF, three-story Class B building on a 0.59-acre lot, built in 1903.; Net-leased to Brass & Briar Tattoo Studio through 2027 (option to 2030); tenant responsible for most maintenance.
    Request Owner's contact information
    85 India St Portland, ME 04101
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    Portland, ME 04101
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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
    85 India St Portland, ME 04101
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