40 Free St Portland, ME 04101
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.
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Auntie's House Bakery Specialty Food Shop
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Copland Marketing, LLC Marketing & Advertising
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angela adams Home Decor Store Department Store
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Bare Waxing Boutique Spa & Massage Center Skin Care Clinic
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
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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.