280 Lincoln St South Portland, ME 04106
Property profile & analytics
280 Lincoln St South Portland, ME 04106
- Commercial real estate
- 9,854 SF
- 0.69 lot acres
Property ID
US42-0089253
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 280 Lincoln St
- Year built
- 1900
- Lot size
- 0.69 lot acres
- Property size
- 9,854 SF
- Property type
- Commercial real estate
Description
This exceptional multifamily property, located at 280 Lincoln Street in South Portland, Maine's Ligonia neighborhood, presents a compelling investment opportunity. The property encompasses a 14-unit apartment building and a 5,582 square foot flex building, currently housing seven commercial tenants. The apartment building, boasting 9,854 square feet, is in excellent condition, featuring numerous renovated units, two recently updated boilers, a brand-new deck, fresh paint throughout, and recently replaced windows. The flex building is divided into seven individual studios/workshops, currently leased to long-term artists and makers on an at-will basis. One commercial unit is owner-occupied, offering the potential for continued tenancy or vacancy for a new owner. The property sits on a 0.69-acre lot and is zoned A. Built in 1900, this property offers a blend of established income generation and potential for future value appreciation. The asking price is $1,475,000, translating to a price per square foot of $149.69. This turnkey property is ideal for investors seeking a fully occupied asset or owner-users desiring shop space while offsetting costs through rental income. The property's strong tenant base and desirable location in South Portland, Maine, make it a highly attractive investment prospect. The property's zip code is 04106, and it is situated in Cumberland County.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- South Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.2831524
- Latitude
- 43.6333816
