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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

40 Free St Portland, ME 04101

50,000 SF 0.41 ac lot Built 2020
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Auntie's House Bakery Specialty Food Shop
  • Copland Marketing, LLC Marketing & Advertising
  • angela adams Home Decor Store Department Store
  • Bare Waxing Boutique Spa & Massage Center Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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