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Property profile & analytics
OFF-MARKET
Medical Office Space

1023 Washington Ave Portland, ME 04103

3,706 SF 0.34 ac lot Built 1905
Property ID
US42-0076419
Property summary
AI-generated overview

This exceptional three-story, 3,706 square foot Class A office building at 1023 Washington Avenue in Portland, Maine, presents a unique investment opportunity. Built in 1905 and extensively renovated in 2018, this property boasts three individual condominiums, currently owned entirely by a single entity and offered for sale as a single package. Each condominium is versatile, suitable for either commercial or residential use, providing significant flexibility for the new owner. The permitted zoning is RP. The 0.34-acre lot features mature landscaping and two paved parking areas. Located on a major Portland thoroughfare, this highly visible property offers easy access to the city's amenities and is conveniently situated near Interstate 295 and Turnpike exits. The building's previous use was for healing arts, showcasing its adaptability. The sale includes all three condominiums (APN 172/H/007), offering a substantial investment for an owner/user or multi-family investor. This is a truly remarkable property with significant potential. Don't miss this chance to acquire a piece of Portland's history with a modern twist.

Property profile
Verified
Property type Medical Office Space
Year built 1905
Total area 3,706 SF
Lot 0.34 ac (14,810 SF)
APN 172/H/007
UPID US42-0076419
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pool Repair Portland Maine Renovation Specialist General Contractor
  • Ms. Genevieve Sprinkle Alternative Medicine Practice Acupuncture
  • Carole Wyche Alternative Medicine Practice Acupuncture
  • Melissa Belcher Physician
  • Nancy Charlebois Physician
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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