57 Neal St, Portland, ME 04102
This exceptional mixed-use property presents a rare investment opportunity in Portland, Maine's vibrant West End. The 11,206 square foot building, constructed in 1914 and renovated in 1967, sits on a 0.678-acre lot and includes a 31-space parking lot. Currently zoned R6 – West End Historic District, the property offers significant redevelopment potential. Approximately one-third of an acre of excess land provides an exceptional infill development opportunity. The property's location is highly desirable, situated directly adjacent to downtown Portland. The building's history, combined with its prime location and substantial lot size, makes this a unique offering for adaptive reuse or new construction. The current zoning is R6, with proposed future zoning under Portland ReCode planning to be RN-4. This is a remarkable chance to acquire a piece of Portland history, offering both immediate income potential and long-term development upside. The property is being offered for sale by the current owner, the First Church of Christ, Scientist of Portland, for the first time in over a century. The APN is 62/B/14. This is a truly exceptional opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.