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Property profile & analytics

65 Hanover St Portland, ME 04101-1932

  • Commercial real estate
  • 5,792 SF
  • 0.44 lot acres
OFF-MARKET
Last Sale
Feb 02, 2024
$3,293,800
Value Estimations
$3,250,000
Show details
Cap Rate Potential
2.2%
Commercial real estate
Location Intelligence
Property ID
US42-0378218
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Portland Traffic Signs/Signals / City Government Office
  • Barrett Made / Architect / Architectural Designer
  • Kit NA Brewing / Brewery
  • When Pigs Fly / Bakery
  • KCMF / Carpenter

Property Details for 65 Hanover St

Year built
1945
Lot size
0.44 lot acres
Property size
5,792 SF
Property type
Commercial real estate
APN
PTLD M:033 B:C015001
APU
PTLDM033BC015001

Description

This exceptional retail space, located at 65 Hanover Street in Portland, Maine, offers a unique opportunity for a discerning business. The property is classified as Retail and Restaurant, currently operating as a bar, and features a total of 15,446 square feet across a single suite. A significant portion of the space, totaling 3,415 square feet, is currently vacant and ready for immediate occupancy. The property is situated in the vibrant Cumberland County, offering excellent visibility and accessibility. On-site parking is available for the convenience of customers and employees. The address is 65 Hanover Street, Portland, ME 04101. This location presents a compelling opportunity for a variety of businesses seeking a high-traffic area with ample space. The property's existing configuration as a bar suggests potential for a similar establishment or a business requiring a large, open floor plan. The substantial square footage provides flexibility for customization and adaptation to suit specific business needs. The property's prime location in Portland, Maine, ensures high visibility and accessibility for customers. The availability of on-site parking is a significant advantage in a bustling urban environment. This is a rare opportunity to secure a substantial retail space in a desirable Portland location. Serious inquiries are encouraged.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $3,295,000
    ML approach
    $3,295,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $2,126,000
    Market price range: $663k - $2.13M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Portland
County
Cumberland
State
Maine
Longitude
-70.2635
Latitude
43.6594
CBSA code
38860
CBSA name
PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$35,280
$230,000
$2,218,300
$2,448,300
-
$0.00
$0.00
$0.00
More about this property
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