Technical
Financial
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Property profile

52 Hanover St Portland, ME 04101

OFF-MARKET
Warehouses
6,300 SF
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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

Current use

Occupant on record · Public records
  • City Government Office
  • Apartment Building

Location

52 Hanover St 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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