186 Washington Ave, Portland, ME 04101
- Retail properties & Spaces
- 7,620 SF
- 0.10 lot acres
Current Use by Public Records
- Amvets Post / Advocacy Group / Social Service Agency
Property Details for 186 Washington Ave
- Year built
- 1930
- Lot size
- 0.10 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional 7,620 square foot retail building, located at 186 Washington Avenue in Portland, Maine, presents a unique investment opportunity. Built in 1930, this two-story Class B property sits on a 0.097-acre lot (APN 10/F/2) and is currently offered for sale by the owner, Loring Charles Amvets Post No 25, at an asking price of $1,600,000 ($210 per square foot). The property is zoned B-2b and boasts a prime location within Portland's vibrant Washington Avenue corridor, benefiting from its proximity to I-295 and a variety of local amenities including restaurants, grocery stores, and boutique shops. The building's history as a bar and restaurant makes it ideally suited for a similar use, capitalizing on the area's bustling atmosphere and high foot traffic. This is a rare chance to acquire a well-situated, established property in a rapidly developing area of Portland. The building's size and layout offer significant potential for a variety of uses, making it an attractive investment for both established businesses and new ventures. The property's strong location and existing infrastructure provide a solid foundation for future success. Serious inquiries are encouraged.
Value Estimations
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.2544
- Latitude
- 43.6693
