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Property profile & analytics
OFF-MARKET Estimated value $2,670,000
Office buildings

54 York St Portland, ME 04101-4569

22,446 SF 0.22 ac lot Built 1900
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US42-0268144
Property summary
AI-generated overview

This exceptional retail space, located at 54 York Street in Portland, Maine's vibrant Old Port district, offers 1,605 square feet of versatile commercial space. Situated on a 0.22-acre lot, this property boasts a highly desirable location at the corner of York and Maple Streets, benefitting from exceptional pedestrian traffic. The building, constructed in 1900, is a three-story structure with a total of 22,446 square feet. This specific unit is currently vacant and ready for immediate occupancy. The space features an overhead door and includes a 10x10 foot storage area. The property is zoned B5b and enjoys a walk score of 94, making it a "Walker's Paradise." Daily traffic counts on York Street exceed 19,990 vehicles. The minimum divisible space is 1,605 square feet, and the maximum contiguous space available is also 1,605 square feet. This presents a unique opportunity for businesses seeking high visibility and foot traffic in a thriving urban setting. The property is located in Cumberland County, Maine, with a zip code of 04101. This is a rare opportunity to establish a presence in one of Portland's most sought-after commercial districts.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Total area 22,446 SF
Lot 0.22 ac (9,740 SF)
APN PTLD M:042 B:A007001
UPID US42-0268144
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Weldon Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.48M
Blend (final) Blend
$2.67M
Owner & transaction history
54 York LLC · 4 yrs held
54 York LLC
since 2021
4 recorded transactions
2021
Price N/A
2009
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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