Technical
Financial
Distress signals
Property profile

486 Congress St Portland, ME 04101

OFF-MARKET
Commercial real estate
Property ID
US42-0393543
5,568 SF 0.03 ac lot Built 1900
Individually Owned 12-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail property, located at 486 Congress Street in Portland, Maine, presents a unique opportunity for a discerning business owner. The building, constructed in 1900, boasts a desirable street-level retail space totaling 2,400 square feet, complemented by additional lower-level space ideal for storage or expansion. The total building size is 5,568 square feet, distributed across three stories. The open floor plan offers maximum flexibility for a variety of retail uses, from studios and boutiques to more traditional retail establishments. A convenient kitchenette and restroom are included within the 2,400 square foot space. The property is equipped with a security system, ensuring peace of mind for the tenant. Its prime location, just steps from Monument Square in the heart of downtown Portland, provides exceptional visibility and accessibility. The B3 zoning designation allows for a wide range of commercial uses. This property is ready for immediate occupancy, making it an attractive option for businesses seeking a move-in ready space in a vibrant and thriving urban setting. The property is situated in Cumberland County, Maine, with a zip code of 04101. This is a single-tenancy building.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Total area 5,568 SF
Lot 0.03 ac (1,355 SF)
APN PTLD M:037 B:I005001
UPID US42-0393543

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

486 Congress St Portland, ME 04101-3402
Portland metro Census 300 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$320k

Owner & transaction history

since 2014
4 recorded transactions
2014
Price N/A
2009
Price N/A
1969
Price N/A
1969
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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