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Property profile

186 Washington Ave Portland, ME 04101

OFF-MARKET
Retail properties & Spaces
7,620 SF 0.1 ac lot Built 1930
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1930
Total area 7,620 SF
Lot 0.1 ac (4,225 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
  • Advocacy Group Social Service Agency

Location

186 Washington Ave Portland, ME 04101
Portland metro
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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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