Property summary
This exceptional Class A retail property, located at 383 Commercial Street in Portland, Maine, presents a unique investment opportunity. The building boasts 1,193 square feet of vacant, immediately available storefront space, perfect for a variety of retail uses. Situated on a generous 2.49-acre lot, this property offers significant potential for expansion or redevelopment. The B5b zoning allows for a wide range of commercial applications, ensuring flexibility for future tenants or owners. The property's prime location in Portland's vibrant Old Port district guarantees high foot traffic and visibility, making it an ideal location for businesses seeking maximum exposure. The building's "A" class designation reflects its high-quality construction and modern amenities. This is a rare opportunity to acquire a substantial retail space in a highly desirable location within Cumberland County, Maine, with a 04101 zip code. The multiple tenancy option allows for diverse income streams and adaptability to changing market demands. This property is available for sale or lease, offering flexibility to suit various investment strategies. Its strategic location within the bustling Old Port area ensures a strong return on investment. Serious inquiries are encouraged to explore this exceptional commercial real estate opportunity.
Property profile
VerifiedCap rate & NOI
Current use
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Condominium Complex
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Electric Vehicle Charging Station
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Dental Office
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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