14 Veranda St Portland, ME 04103
- Commercial real estate
- 7,341 SF
- 0.46 lot acres
Current Use by Public Records
- Veranda Noodle Bar / Vietnamese Restaurant
Property Details for 14 Veranda St
- Year built
- 1910
- Lot size
- 0.46 lot acres
- Property size
- 7,341 SF
- Property type
- Commercial real estate
- APN
- 19599/288
Description
This exceptional investment opportunity presents a three-building portfolio totaling 7,341 square feet on a 0.46-acre lot in Portland, Maine. Located at 513 Washington Avenue, 14 Veranda Street, and 18 Veranda Street, this Class B property boasts a strategic location off I-295, at a four-way lighted intersection near the future Roux Institute entrance. Built in 1910, the two-story buildings are zoned B-2, offering diverse redevelopment possibilities. The portfolio features short-term leases, mitigating carrying costs. With an average annual daily traffic count of 29,080 vehicles and approximately 255 feet of frontage on Veranda Street, the properties are ideally suited for residential, hotel, or mixed-use development. The asking price is $2,700,000, with seller financing available at a competitive rate. The portfolio's APN is 19599/288. This is a rare chance to acquire a significant property in a rapidly growing area of Portland. The property is owned by Rockprop, 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
- -70.257342672336
- Latitude
- 43.680536203739
