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Property profile

160 Presumpscot St Portland, ME 04103

OFF-MARKET
Commercial real estate
Property ID
US42-0533165
View Sample
2.06 ac lot
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional Portland, Maine property at 160 Presumpscot Street offers a unique blend of office, retail, and industrial space, totaling 10,609 square feet. Situated on a generous 2.06-acre lot, this building boasts a prominent 186-foot frontage, providing excellent visibility and accessibility. Built in 1907 and extensively renovated in 2023, the property features a two-story structure with one freight elevator. The building is served by three-phase power (240/120 volts) and includes a convenient drive-in bay. The versatile space is ideal for a variety of uses, accommodating multiple tenants. Its zoning classification, IL - Low Impact Industrial, allows for a range of business operations. The property's location in Cumberland County, with a Portland address and 04103 zip code, offers easy access to major transportation routes and amenities. The property's features include a single freight elevator and ample space for various business needs. The extensive 2023 renovation ensures modern functionality and efficiency. The property's parcel identification number (APN) is Map 425, Block K, Lots 1-13. This is a rare opportunity to acquire a well-maintained, versatile property in a prime Portland location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 2.06 ac (89,899 SF)
APN PTLD M:425 B:K001001
UPID US42-0533165

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Supply Hardware & Home Improvement
  • Gym & Fitness Center
  • General Contractor
  • General Contractor
  • General Contractor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$495k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$495k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2018
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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