Technical
Financial
Distress signals
Property profile

10 Exchange St Portland, ME 04101

OFF-MARKET
Retail properties & Spaces
689 SF Built 1900
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1900
Total area 689 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
  • Newspaper & Magazine (Bike/Boat/Book/etc) Store
  • Alternative Medicine Practice Spa & Massage Center
  • (Bike/Boat/Book/etc) Store
  • Clothing & Fashion Store
  • (Bike/Boat/Book/etc) Store

Location

10 Exchange St Portland, ME 04101
Portland metro
Google Maps

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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