72 Ocean St South Portland, ME 04106
- Retail properties
- 1,620 SF
Current Use by Public Records
- Retail properties
Property Details for 72 Ocean St
- Year built
- 2009
- Property size
- 1,620 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This 1,620 square foot retail condominium, located at 72 Ocean Street in South Portland, Maine, presents a compelling investment opportunity. Built in 2009, this property is situated within the VC - Village Commercial District, offering excellent visibility and accessibility. The building, a three-story structure, is currently 100% occupied by Petalage Floral Studio, ensuring a steady income stream. The asking price is $450,000, translating to $277.78 per square foot. The property's location in South Portland's Knightville neighborhood places it within a dynamic area experiencing significant growth in retail and restaurant businesses. Its convenient proximity to the Casco Bay Bridge and downtown Portland further enhances its appeal. With a walk score of 71, the property benefits from high pedestrian traffic. The property features one unit within a single building, and its APN is Map 15, Block 105, Lot 113. This investment opportunity combines strong location, current occupancy, and growth potential in a desirable Maine market. The property's zoning and existing lease provide a solid foundation for future returns. This is an exceptional chance to acquire a well-situated retail space in a thriving community.
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
- South Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.2537
- Latitude
- 43.6394
