10 Exchange St Portland, ME 04101
This 689-square-foot retail condominium, located at 10 Exchange Street in Portland, Maine's vibrant Old Port district, presents a unique investment opportunity. Built in 1900 and renovated in 2017, this storefront boasts a desirable B3 (Downtown Business) zoning, allowing for a wide range of commercial uses. Situated on one of the Old Port's highest-traffic streets, the property benefits from exceptional foot traffic generated by a diverse mix of local businesses, including restaurants and retailers. The property's central location ensures high visibility and accessibility for both tourists and local residents, contributing to its strong retail potential. The asking price is $325,000, translating to $471.70 per square foot. The property's address is 10 Exchange Street, Portland, ME 04101, and its APN is 05170_032 I013. This is an exceptional opportunity to acquire a well-located retail space in a thriving commercial area. The property's history and recent renovations combine to offer a turn-key retail space ready for immediate occupancy. The high foot traffic and diverse clientele of the Old Port ensure a strong potential for success.
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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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.