306 Warren Ave, Portland, ME 04103
- Manufacturing properties
- 15,360 SF
- 0.68 lot acres
Current Use by Public Records
- THE HAPPY CLOUD / Department Store
- Solar Maine Power LLC / General Contractor
- Maine Windows and Doors / Hardware & Home Improvement / Production Facility
- Adore Rouge / Hair Salon / Nail Salon
Property Details for 306 Warren Ave
- Year built
- 1950
- Lot size
- 0.68 lot acres
- Property type
- Manufacturing properties
- APN
- PTLD M:296 B:E001001
- APU
- PTLDM296BE001001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 3, 2023 | $1,350,000 | 313 Warren Ave LLC | Hope 1 LLC | Quit Claim Arm's Length For Ne States | $1.3M · Hope 1 LLC |
| Dec 30, 2020 | — | Hope 1 LLC | Delta Realty LLC | Quit Claim Deed · related | — |
| Dec 16, 2016 | — | Delta Realty LLC | 33 Properties LLC | Warranty Deed | — |
| Oct 9, 2014 | — | 33 Properties LLC | — | Grant Deed · related | $60k · Td Bk NA |
| Feb 25, 2013 | — | 33 Props LLC | — | Deed Of Trust · related | $675k · Td Bank NA |
| Aug 27, 2010 | — | 33 Properties LLC | — | Deed Of Trust · related | $150k · Northeast Bank |
| Feb 16, 2010 | — | Thirty Three Props LLC | — | Deed Of Trust · related | $125k · Maine Bank & Trust Co |
Description
This exceptional Portland, Maine commercial property at 306 Warren Ave offers 15,360 square feet of versatile space, ideally suited for a variety of businesses. The building features a blend of retail, office, and industrial uses, currently configured as a mixed-use space with multiple tenants. A significant 1,000 square feet of second-floor office space is immediately available for lease. The building is a two-story structure situated on a 0.684-acre lot in the B4 - Commercial Business zoning district of Cumberland County. The property boasts excellent visibility on Warren Avenue, providing strong potential for attracting customers and clients. Ample parking is available on-site, ensuring convenience for employees and visitors. Its strategic location offers easy access to major transportation arteries, including I-95 and Forest Avenue, facilitating seamless commutes and efficient logistics. The property includes one dock-high door, catering to the needs of businesses requiring loading and unloading capabilities. This unique opportunity combines the benefits of a prime location with a flexible layout, making it an ideal choice for businesses seeking a dynamic and functional workspace in the heart of Portland. The available 1,000 square feet of office space presents a chance to establish a presence in a thriving commercial area with excellent accessibility and visibility.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,310,000
- ML approach
- $1,515,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,640,000
- 6.5%
- $1,510,000
- 7%
- $1,405,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,617,000
Market price range: $1.50M - $3.33M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $2,300,000 Current use
- COMMERCIAL (GENERAL)
- $2,140,000 Change: -7% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.3101
- Latitude
- 43.6874
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
