555 Congress St Portland, ME 04101
- Retail space
- 3,666 SF
- 0.03 lot acres
Current Use by Public Records
- Core Cannabis Museum / Museum
Property Details for 555 Congress St
- Year built
- 1900
- Lot size
- 0.03 lot acres
- Property size
- 3,666 SF
- Property type
- Retail space
- APN
- PTLD M:037 B:A043001
- APU
- PTLDM037BA043001
Description
This exceptional street-level retail space, located at 555 Congress Street, offers a unique sublease opportunity in a vibrant downtown location. The property boasts 1,908 square feet of recently renovated space within a larger building totaling 3,666 square feet. High ceilings and an open mezzanine provide a versatile layout ideal for a variety of retail uses. The building itself is a historic structure, originally constructed in 1800, and features four stories. This corner location provides excellent street visibility and exposure on Congress Street, ensuring high foot traffic and brand recognition. The property sits on a 0.02-acre lot and is zoned -3 Downtown Business; PAD Overlay, offering flexibility for permitted uses. The single-tenancy building presents a rare opportunity to establish a presence in a thriving downtown area. The building's historical character combined with modern renovations creates a unique and attractive retail environment. This sublease presents a chance to secure a well-positioned retail space in a highly desirable location, benefiting from the energy and activity of the surrounding downtown district. The property's address is 555 Congress Street, and its Assessor's Parcel Number (APN) is Map 37, Block A, Lot 43. This is a remarkable opportunity for a business seeking a prominent and attractive retail space.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $300,000
- 6.5%
- $355,000
- 7%
- $350,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $345,000
- Geo Method
- $285,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $275,000
- Mixed-Use
- $285,000
- Hospitality
- $275,000
- Educational
- $335,000
- Residential Income
- $340,000
- Energy
- $330,000
- Income-Based Land
- $325,000
- Food Service
- $310,000
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.2621
- Latitude
- 43.6553
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA