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Property profile

89 Exchange St Portland, ME 04101

OFF-MARKET
Retail properties & Spaces
16,785 SF Built 1900
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Property summary

AI-generated overview

This exceptional retail opportunity is located at 89 Exchange Street in Portland, Maine's vibrant Old Port district. The property boasts a total of 16,785 square feet across five stories within a single building constructed in 1900. The building sits on a 1,350 square foot lot and is zoned B3 & PAD, offering versatile usage potential for various retail and service businesses. The electrical system features circuit breakers. The property's address is 89 Exchange Street, Portland, ME 04101, and its location within the Old Port ensures high visibility and foot traffic. The property's historical charm combined with its modern functionality makes it an ideal location for a variety of businesses seeking a prominent presence in a thriving urban setting. The multiple tenancy option allows for flexibility in leasing arrangements, catering to diverse business needs. The property's unique characteristics, including its size, location, and zoning, present a rare opportunity for investors and entrepreneurs alike. The property's APN is Map 32, Block D, Lot 3, Cumberland County. This is a chance to secure a piece of Portland's rich history while capitalizing on the city's dynamic commercial landscape.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1900
Total area 16,785 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
  • (Bike/Boat/Book/etc) Store Specialty Food Shop

Location

89 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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