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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

255 St. John St Portland, ME 04102

4,648 SF 0.22 ac lot Built 1950
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity encompasses two adjacent retail buildings situated at 255 and 259 St. John Street in Portland, Maine. The combined space totals just over 4,648 square feet, situated on a 0.22-acre lot, providing ample off-street parking—a significant advantage in a high-traffic location. The front retail space underwent a complete renovation in 2024, presenting a modern and updated aesthetic ready for immediate occupancy. Both buildings offer substantial storage space, adding to their functional appeal. The property is zoned B2 Business Community, allowing for a variety of potential uses. Interested parties are encouraged to verify permitted uses with the city's building code department to explore the full range of development possibilities. The asking price for this prime retail property is $1,750,000. This presents a rare chance to acquire a well-located, renovated retail space with significant potential for growth and return on investment in a thriving Portland neighborhood. The property's size, parking, and recent renovations make it an attractive proposition for a variety of retail businesses.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1950
Total area 4,648 SF
Lot 0.22 ac (9,583 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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