Retail Space in Old
383 Commercial St Suite F Portland, ME 04101
383 Commercial St Suite F, Portland, ME, 04101
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For Sale
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New construction retail space with high visibility in Portland's Waterfront.
Property Size1,922 SF
Price / SF$305.93
Days on Market1358
Property Features for 383 Commercial St Suite F
General Information
- Standard status
- Active
- Size
- 1,922 SF
- Property subtype
- Retail
Listing Agency
Malone Commercial Brokers
Listed by
Jennifer Small · License #ME 906232
Source
Crexi
Added: Nov 1, 2022 Checked: Jul 19 at 7:54 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Malone Commercial Brokers
Investment Insights
Based on property information with market context.
This new construction retail space is located in the Old Port area. The property offers approximately 1,922 square feet of first-floor retail space. Situated on Portland’s Waterfront, the location benefits from high visibility and traffic, with approximately 14,730 cars per day. The area has a walk score of 92. The property is surrounded by hotels, retail establishments, offices, restaurants, and residential condominiums.
Key Highlights
- Excellent visibility on Portland’s Waterfront.
- New construction in the Old Port.
- High walk score of 92, a walker's paradise.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.6k | $18.00 |
| − Vacancy | −$5.9k | −$3.06 |
| EGI | $28.7k | $14.94 |
| − OpEx | −$8.6k | −$4.48 |
| NOI | $20.1k | $10.46 |
1,922 SF · lease $18.00/SF/yr · vacancy 17.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$287.1K
$251.3K – $335.0K
NOI $20,100 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$528.3K
$462.2K – $616.3K
NOI $36,978 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hobson's landing
Condominium Complex
ChargePoint Charging Station
Electric Vehicle Charging Station
Maine Dentistry
Dental Office
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - New construction retail space with high visibility in Portland's Waterfront.
Where is this retail space located?
The property is located at 383 Commercial St Suite F Portland, ME.
What is the asking price?
The asking price for this property is $588,000.
What are key features of this property?
This property features: Excellent visibility on Portland’s Waterfront.; New construction in the Old Port.; High walk score of 92, a walker's paradise.
