Technical
Financial
Distress signals
Property profile

157 Middle St Portland, ME 04101

OFF-MARKET
Retail properties & Spaces
48,912 SF Built 1990
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional retail property, located at 157 Middle Street in Portland, Maine, presents a unique investment opportunity. The five-story building, constructed in 1990, boasts a substantial 48,912 square feet of leasable space, ideal for multiple tenants. Situated on a 0.23-acre lot, the property benefits from its prominent street-level location and high visibility. The building features two passenger elevators, ensuring convenient access to all five floors. The zoning designation is B-3 & PAD, offering flexibility for a variety of retail uses. The property's address is 157 Middle Street, Portland, ME 04101, and its location is further identified by APN Map 28, Block K, Lot 306 in Cumberland County. This prime retail space is ready for immediate occupancy and offers significant potential for growth and profitability. The building's single structure and convenient elevator access make it an attractive option for a variety of retail businesses. Its central location in Portland, Maine, provides excellent access to a large customer base and ample foot traffic. This is a rare opportunity to acquire a substantial retail property in a thriving urban market. The property's size and location make it an ideal investment for both established businesses and new ventures seeking a high-profile presence in Portland.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1990
Total area 48,912 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
  • Art Gallery
  • Department Store

Location

157 Middle St Portland, ME 04101
Portland metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 157 Middle St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message