Technical
Financial
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Property profile

40 Free St Portland, ME 04101

OFF-MARKET
Retail properties & Spaces
50,000 SF 0.41 ac lot Built 2020
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Property summary

AI-generated overview

This exceptional Class A retail space, totaling 1,551 square feet, is situated within a vibrant mixed-use building in Portland's desirable downtown area. Part of a larger 50,000 square foot, five-story new construction (2020) building, this street-level unit offers unparalleled visibility and accessibility. The property boasts a highly desirable location on Free Street, providing stunning water views and immediate proximity to the Old Port and waterfront. With a Walk Score of 96, this location ensures high foot traffic and convenient access for customers. The unit is part of a multiple-tenancy building, offering a dynamic and thriving commercial environment. The 0.413-acre lot provides ample space and visibility. The zoning is designated B3 & DEOZ, allowing for a variety of retail uses. The property's APN is 38/A/14-16, located in Cumberland County's Greater Portland submarket. This is a rare opportunity to secure a prime retail space in one of Portland's most sought-after locations. The minimum divisible space is 1,551 square feet, and the maximum contiguous space available is also 1,551 square feet. Upper floors of the building are developed as residential apartments, creating a synergistic mix of commercial and residential activity. Don't miss this chance to establish your business in this thriving downtown Portland location.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2020
Total area 50,000 SF
Lot 0.41 ac (17,990 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bakery Specialty Food Shop
  • Marketing & Advertising
  • Home Decor Store Department Store
  • Spa & Massage Center Skin Care Clinic

Location

40 Free St Portland, ME 04101
Portland metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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