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Property profile & analytics
OFF-MARKET
Warehouses

52 Hanover St Portland, ME 04101

6,300 SF
Property ID
Property summary
AI-generated overview

This exceptional retail opportunity presents 6,300 square feet of newly constructed space, ideally situated on the ground floor of a luxury apartment building in Portland's vibrant West Bayside neighborhood. The property is part of the Hanover Street development, a thriving area known for its popular bars, restaurants, and breweries. Two spaces are currently available, each offering dedicated outdoor patio space, a significant advantage for businesses seeking to enhance customer experience. The minimum divisible space is 1,500 square feet, with a maximum contiguous space of 1,800 square feet. The entire 6,300 square feet is currently vacant, presenting a unique chance for a single tenant to occupy the entire space or for multiple tenants to occupy smaller units. The building's prime location within the bustling West Bayside area ensures high visibility and foot traffic, making it an ideal location for a variety of retail businesses. This property offers a blend of modern amenities and a prime location within a well-established and growing commercial district in Cumberland County. The flexible space allows for customization to suit diverse business needs, making it an attractive investment opportunity for discerning entrepreneurs. Don't miss this chance to establish your business in one of Portland's most sought-after locations.

Property profile
Verified
Property type Warehouses
Total area 6,300 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
  • Fleet Services City Government Office
  • The Armature Apartment Building
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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