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Property profile & analytics

555 Congress St Portland, ME 04101

  • Retail space
  • 3,666 SF
  • 0.03 lot acres
Value Estimation
$325,000
Location Intelligence
Property ID
US42-0475979
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,018
$227,000
$329,400
$556,400
-
$0.00
$0.00
$0.00
More about this property
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