3 Commercial St Portland, ME 04101
- Retail properties
- 12,847 SF
Current Use by Public Records
- Retail properties
Property Details for 3 Commercial St
- Year built
- 1900
- Property size
- 12,847 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional retail property, located at 3 Commercial Street in Portland, Maine, offers a unique opportunity in a rapidly developing waterfront district. The building, constructed in 1900, boasts a total of 12,847 square feet on a 0.08-acre lot. Currently configured for multiple tenancies, one 800 square foot space is immediately available. The property features a prominent street-level presence with a large glass storefront, ensuring excellent visibility and attracting significant foot traffic. Its B3 zoning allows for a variety of commercial uses, making it ideal for retail or service businesses. The strategic location on a corner lot provides unparalleled exposure within Portland's burgeoning waterfront area. This vibrant district is home to numerous established businesses and corporate headquarters, including Brickyard Hollow, Fetch, Speckled Axe, WEX, Sunlife, Roux Institute, and Covetrus. The property's proximity to these key players offers significant advantages for any business seeking a high-profile location. Note that renovations are anticipated to be completed in the first quarter of 2024 at the adjacent property, 1 Commercial Street, which is currently under contract. The APN is 05170_029 N026. This is a single-story building.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.2488
- Latitude
- 43.6593
