Technical
Financial
Distress signals
Property profile

38 Winter St Portland, ME 04102

OFF-MARKET
Parking lots & garages
Property ID
US42-0483088
0.19 ac lot
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.187-acre commercial land parcel, located at 38-42 Winter Street in Portland, Maine's desirable West End, presents a compelling investment or development opportunity. Zoned R-6, the property boasts a prime location directly across from the newly constructed Winter Street Town Homes, ensuring high visibility and desirability. Currently operating as a 23-space paved parking lot, a lease agreement is in place, providing a steady income stream until March 31, 2027. The 0.187-acre lot offers significant potential for various development projects, capitalizing on the vibrant and growing West End neighborhood. Its strategic location and existing infrastructure make it an attractive proposition for developers and investors seeking a high-return investment in a thriving urban area. The property's address is 38-42 Winter Street, Portland, ME 04102, within Cumberland County. The asking price for this exceptional property is $685,000. Don't miss this chance to acquire a piece of Portland's thriving real estate market.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.19 ac (8,168 SF)
APN PTLD M:045 B:F006001
UPID US42-0483088

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

38 Winter St Portland, ME 04102
Portland metro Census 1100 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$495k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$500k

Owner & transaction history

since 2025
Last sale
$550,000
4 recorded transactions
2025
$550,000
2017
Price N/A
2017
Price N/A
2014
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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