85 India St Portland, ME 04101
- Commercial real estate
- 4,830 SF
- 0.06 lot acres
Current Use by Public Records
- Brass & Briar Studios / Tattoo And Piercing Shop / Body Piercing Shop
Property Details for 85 India St
- Year built
- 1905
- Lot size
- 0.06 lot acres
- Property size
- 4,830 SF
- Property type
- Commercial real estate
- APN
- PTLD M:020 B:D010001
- APU
- PTLDM020BD010001
Description
This exceptional mixed-use storefront property at 85 India St, Portland, ME 04101, presents a compelling investment opportunity. The 4,830 square foot building, constructed in 1903, is a three-story Class B structure situated on a 0.592-acre lot. Currently occupied by Brass & Briar Tattoo Studio under a net lease extending through 2027, with an option to 2030, the tenant is responsible for all maintenance except roof and structure, which are landlord responsibilities. A new high-efficiency heating system was installed in 2022. The asking price is $1,395,000, translating to $288 per square foot. Zoned under permit 27, this single-tenant property offers significant potential. The highly walkable location within Portland's rapidly appreciating Old Port neighborhood presents opportunities for future development. With tenant approval, the first or third floor could potentially be used by the owner. This is a rare chance to acquire a stable, income-producing asset in a vibrant and desirable location. The property is owned by Eighty Five, LLC.
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
- -70.251
- Latitude
- 43.6614
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
