554 Congress St Portland, ME 04101
- Retail properties
- 125,790 SF
Current Use by Public Records
- Retail properties
Property Details for 554 Congress St
- Year built
- 1900
- Property size
- 125,790 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional 125,790 square foot retail property, located at 554 Congress Street in Portland, Maine, presents a unique investment opportunity. The building, constructed in 1900, boasts a prominent location and is classified as a Class B property. The five-story structure sits on a single lot (Map 37, Block G, Lot 14, APN) and is zoned B3, allowing for a variety of commercial uses. Currently configured for multiple tenants, the space is ideal for a diverse range of businesses, including restaurants and offices, reflecting its versatile subtype. The building's substantial size offers significant potential for expansion or redevelopment, catering to the needs of a growing business or a portfolio of tenants. Its prime location in Portland, ME (zip code 04101) ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a strong foothold in a thriving urban market. The property's rich history and substantial square footage combine to create a compelling investment opportunity in a desirable location. Serious inquiries are encouraged to explore the full potential of this remarkable property.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.2619
- Latitude
- 43.6553
