38 Winter St Portland, ME 04102
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.