Technical
Financial
Distress signals
Property profile

3 Spring St Portland, ME 04101

OFF-MARKET
Retail properties & Spaces
21,090 SF Built 1990
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 21,090 square foot mixed-use property at 3 Spring Street in Portland, Maine, presents a unique investment opportunity. Located in the heart of the city's vibrant downtown, this single building boasts a B3 - Downtown Business zoning designation, offering significant flexibility for a variety of commercial uses. Constructed in 1990, the building currently operates as a multi-tenant space, ideal for creative office tenants or businesses requiring a blend of retail and office functionality. The property features 200 amps of power, ensuring ample capacity for modern business needs. Its central Portland location in Cumberland County (zip code 04101) provides easy access to major transportation routes, amenities, and a thriving workforce. The building's classification as both retail and office space, with a creative office subtype, makes it suitable for a diverse range of businesses seeking a dynamic and well-situated location. This is an excellent chance to acquire a substantial property in a high-demand area of Portland, Maine. The building's size and zoning provide ample opportunity for expansion or adaptation to suit a variety of business plans. Serious inquiries are encouraged.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1990
Total area 21,090 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
  • Bakery Specialty Food Shop
  • Production Facility Brewery & Distillery

Location

3 Spring 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 3 Spring 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