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    Property profile & analytics
    OFF-MARKET Estimated value $515,000
    Retail space

    555 Congress St, Portland, ME 04101-3308

    3,666 SF 0.03 ac lot Built 1900
    Entity Owned Free & Clear
    Property ID
    US42-0475979
    Property summary
    AI-generated overview

    This exceptional street-level retail space, located at 555 Congress Street, offers a unique sublease opportunity in a vibrant downtown location. The property boasts 1,908 square feet of recently renovated space within a larger building totaling 3,666 square feet. High ceilings and an open mezzanine provide a versatile layout ideal for a variety of retail uses. The building itself is a historic structure, originally constructed in 1800, and features four stories. This corner location provides excellent street visibility and exposure on Congress Street, ensuring high foot traffic and brand recognition. The property sits on a 0.02-acre lot and is zoned -3 Downtown Business; PAD Overlay, offering flexibility for permitted uses. The single-tenancy building presents a rare opportunity to establish a presence in a thriving downtown area. The building's historical character combined with modern renovations creates a unique and attractive retail environment. This sublease presents a chance to secure a well-positioned retail space in a highly desirable location, benefiting from the energy and activity of the surrounding downtown district. The property's address is 555 Congress Street, and its Assessor's Parcel Number (APN) is Map 37, Block A, Lot 43. This is a remarkable opportunity for a business seeking a prominent and attractive retail space.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1900
    Total area 3,666 SF
    Lot 0.03 ac (1,176 SF)
    APN PTLD M:037 B:A043001
    UPID US42-0475979
    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
    • Core Cannabis Museum Museum
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $325k
    CAP Approach CAP
    $590k
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $515k
    Owner & transaction history
    CORRYMORE ZELLERTON LLC
    CORRYMORE ZELLERTON LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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