255 St. John St Portland, ME 04102
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.
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Isalis (Bike/Boat/Book/etc) Store
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Party City Party Supply Store (Bike/Boat/Book/etc) Store
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Skunk Funk Big Box & Wholesale Store
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Carl's Trading Co Hat Shop
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Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.