Three-Building Mixed-Use
95 Main Street, South Portland, ME 04106
For Sale
Contact for pricing
Commercial zoning with two buildings currently available for lease or occupancy.
Property Size20,194 SF
Price / SF$153.51
Days on Market103
Property Features for 95 Main Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Highway Access
Building Details
Buildings
Listing Agency:
The Dunham Group
Listed By:
Greg Hastings · License #ME 209023
Source:
Crexi
Added: Jul 28
Changed: Nov 4
Last Checked: Nov 6 at 9:09AM
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 The Dunham Group
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Investment Insights
Based on property information with market context.
This mixed-use property includes three buildings, with two currently available for lease or occupancy. The identified buildings contain approximately 11,850 SF and 4,500 SF, providing distinct spaces within the overall compound. Commercial zoning supports the property’s stated mixed-use classification.
The address is 95 Main Street in South Portland, Maine. The property is located less than one mile from I-295 and Veterans Memorial Bridge. Northbound and southbound I-295 access is expected to become possible after completion of the bridge work. The property is positioned for either owner occupancy or investment ownership, as described in the available information.
The address is 95 Main Street in South Portland, Maine. The property is located less than one mile from I-295 and Veterans Memorial Bridge. Northbound and southbound I-295 access is expected to become possible after completion of the bridge work. The property is positioned for either owner occupancy or investment ownership, as described in the available information.
Key Highlights
- Three‑building mixed‑use property
- 11,850± SF building currently available for lease or occupancy
- 4,500± SF building currently available for lease or occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$250,809
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,016,180
$5.0M
Cap Rate 7%
$3,582,986
$3.6M
Cap Rate 9%
$2,786,767
$2.8M
Market Conditions
NOI Build-Up for 20,194 SF
Gross rent
$436.2K $21.60/SF
− Vacancy
−$34.9K −$1.73/SF
EGI
$401.3K $19.87/SF
− OpEx
−$150.5K −$7.45/SF
NOI
$250.8K $12.42/SF
Area
Cumberland County, ME
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,016,180
Cap Rate 7%
$3,582,986
Cap Rate 9%
$2,786,767
Alternative Uses
Best Use
Mixed Use
$3.58M
$3.14M – $4.18M
NOI $250,809 @ 7.0% cap · market cap 8.09%
Second Best
Industrial
$1.85M
$1.62M – $2.15M
NOI $129,223 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$5.55M
$4.86M – $6.48M
NOI $388,524 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 04106, ME
26,641
Population
12,849
Households
2.1
Avg Household Size
41
Median Age
49%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
2,184
Density / Sq Mi
$83,744
Median Household Income
$47,818
Median Earnings
$1,642
Median Rent
$403,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Cumberland County, ME
Properties on Market for Mixed-use properties in Cumberland County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial zoning with two buildings currently available for lease or occupancy.
Where is this mixed-use property located?
The property is located at 95 Main Street South Portland, ME.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Three‑building mixed‑use property; 11,850± SF building currently available for lease or occupancy; 4,500± SF building currently available for lease or occupancy
