12 Smith St Portland, ME 04101

Property Details for 12 Smith St

Year built

1900

Lot size

0.09 lot acres

Property size

2,861 SF

Property type

Mixed-use properties

Description

This exceptional mixed-use property at 12 Smith Street in Portland, Maine, presents a unique investment opportunity. Spanning 2,861 square feet on a 0.09-acre lot, this historic building is ideally situated in the heart of the Portland peninsula, offering unparalleled walkability to shops, restaurants, and entertainment. Currently configured as three apartments, the property generates rental income, with the first floor currently owner-occupied. The building boasts charming architectural details, including an original arched entry hood with carved Italianate brackets, scrollwork, and dentils, as well as corbelled and arched brick lintels and sills. High tin ceilings on the first floor and ample natural light create a bright and airy atmosphere. Cozy Jotul stoves provide supplemental heat. A side patio offers potential for outdoor improvements, and the rear of the property overlooks a museum and historic landmark with beautiful gardens. The property includes six parking spaces. This versatile space allows for various uses, including a ground-floor storefront or office with upper-floor workspace, or conversion into a stunning single-family home. Its location within the India Street FBC zone may qualify for Maine's Historic Rehabilitation Tax Credit (until 2030) and the Small Project Rehabilitation Credit, offering significant financial incentives. Proximity to India Street, Washington Street, East Bayside, and the Eastern Prom provides easy access to all that Portland has to offer. The possibilities are endless for this one-of-a-kind property. Priced at $1,350,000.

Location Insight

City

Portland

County

Cumberland

State

Maine

Longitude

-70.25267

Latitude

43.66254