1023 Washington Ave Portland, ME 04103
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.
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Pool Repair Portland Maine Renovation Specialist General Contractor
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Ms. Genevieve Sprinkle Alternative Medicine Practice Acupuncture
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Carole Wyche Alternative Medicine Practice Acupuncture
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Melissa Belcher Physician
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Nancy Charlebois Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.