189 Anderson St Portland, ME 04101
- Retail space
- 1,635 SF
- 0.19 lot acres
Current Use by Public Records
- Fogg's Body Shop / Auto Body Shop
Property Details for 189 Anderson St
- Year built
- 1950
- Lot size
- 0.19 lot acres
- Property size
- 1,635 SF
- Property type
- Retail space
- APN
- PTLD M:010 B:A026001
- APU
- PTLDM010BA026001
Description
This exceptional 1,635 square foot mixed-use property presents a unique redevelopment opportunity in Portland's vibrant East Bayside neighborhood. Situated on a 0.18-acre lot at 189 Anderson Street, this former auto repair building offers significant potential for investors and developers. The property benefits from pre-approved site plans, streamlining the construction process and minimizing potential delays. This eliminates the need for extensive planning and permitting, saving valuable time and resources. The existing structure can be renovated to suit a variety of uses, or it can be demolished to make way for a completely new building, allowing for maximum design flexibility. The location provides excellent access to Interstate 295, ensuring convenient transportation links throughout the greater Portland area and beyond. This prime location within East Bayside offers proximity to a thriving commercial district, diverse residential areas, and a wealth of amenities. The property's size and zoning make it ideal for a range of mixed-use projects, from retail and office spaces to residential units, or a combination thereof. This is a rare chance to acquire a fully permitted redevelopment site in a highly sought-after Portland location. The asking price is $845,000. Don't miss this opportunity to capitalize on the growth and potential of Portland's East Bayside.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $510,000
- 6.5%
- $450,000
- 7%
- $445,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $460,000
- Geo Method
- $420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $435,000
- Retail
- $375,000
- Mixed-Use
- $485,000
- Hospitality
- $480,000
- Educational
- $440,000
- Residential Income
- $460,000
- Energy
- $455,000
- Income-Based Land
- $440,000
- Food Service
- $415,000
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.2555
- Latitude
- 43.6693
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
