Property profile

383 Commercial St 140 Portland, ME 04101

OFF-MARKET
Commercial real estate
Property ID
US42-0629480
1,971 SF Built 2021
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL CONDOMINUIM
Year built 2021
Total area 1,971 SF
APN PTLD M:042 B:A002140
UPID US42-0629480

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Condominium Complex
  • Electric Vehicle Charging Station
  • Dental Office

Location

383 Commercial St, Unit 140 Portland, ME 04101-6600
Portland metro Census 300 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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