72 Ocean StSouth Portland, ME 04106

Property Details for 72 Ocean St

Year built

2009

Property size (Sq ft)

1,620 SF

Property type

Retail properties

Property subtype

Other retail properties

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.

Location Insight

City

South Portland

County

Cumberland

State

Maine

Latitude

43.6394

Longitude

-70.2537

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