52 Hanover St Portland, ME 04101
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.
-
Fleet Services City Government Office
-
The Armature Apartment Building
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
Similar Nearby for Sale
Similar Nearby for Lease
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.