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    375 Riverside St Portland, ME 04103

    Sponsored
    For Lease
    $16 SF/Yr

    Portland, ME Mixed-Use Opportunity

    Lot size:
    26,285 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 26,285 square foot mixed-use retail property in Portland, Maine, offers 26,305 square feet of vacant space divisible from 3,050 to 11,950 contiguous square feet. Located on 2.797 acres with ample on-site parking, it benefits from high visibility on Riverside Street, boasting approximately 300 feet of road frontage and a 2019 AADT of 18,300. Built in 1989 and renovated in 1995, the property is zoned B4 and situated just one mile from I-95 Exit 48 and the Rock Row Development, placing it near strong national and local brands including Home Depot, Chick-fil-A, and REI. The flexible layout caters to a variety of retail users, making it an attractive investment opportunity with high lease-ability potential. This prime location offers unparalleled access and visibility in a rapidly growing area of Greater Portland, presenting a unique chance to establish or expand a business within a thriving commercial environment. The property's size and location make it ideal for a variety of retail concepts, offering significant potential for growth and return on investment. The ample parking ensures convenient access for customers and employees. The B4 zoning provides flexibility for various business types.

    Property Features for 375 Riverside St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    26,285 SF
    Total Rate
    35046.67

    Building Details

    Year Built/Renovated
    1989/1995

    Unit(s) available at that property

    Space
    Suite A
    Size
    3,050 SF
    Rate per SF
    $19
    Space
    Suite B
    Size
    4,000 SF
    Rate per SF
    $19
    Space
    Suite C
    Size
    4,900 SF
    Rate per SF
    $19
    Space
    Suite E
    Size
    5,000 SF
    Rate per SF
    $19
    Space
    Suites A, B, & C Combined
    Size
    11,950 SF
    Rate per SF
    $19
    Space
    Suites B & C Combined
    Size
    8,900 SF
    Rate per SF
    $19
    Space
    Suites A, B, C, D Combined
    Size
    21,285 SF
    Rate per SF
    $19
    Space
    Suites A, B, C, D, E Combined
    Size
    26,285 SF
    Rate per SF
    $19

    HighLights

    • Retail property totaling 26,285 square feet.
    • Mixed‑use building with multiple tenancies available.
    • Spaces ranging from 3,050 to 11,950 contiguous square feet are available, with 26,305 square feet currently vacant.
    • Located on a 2.797‑acre lot in Cumberland County.
    • Built in 1989 and renovated in 1995, with ample on‑site parking.
    • B4 zoning.
    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
    -70.3263753
    Latitude
    43.6885694

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    FAQs

    What type of property is this?
    Retail property - Portland, ME Mixed-Use Opportunity
    Where is this retail property located?
    The property is located at 375 Riverside St Portland, ME.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 26,285 square feet.; Mixed-use building with multiple tenancies available.; Spaces ranging from 3,050 to 11,950 contiguous square feet are available, with 26,305 square feet currently vacant.
    Request Owner's contact information
    375 Riverside St Portland, ME 04103
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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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