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    OFF-MARKET
    Churches & religious facilities

    57 Neal St, Portland, ME 04102

    11,206 SF 0.68 ac lot Built 1914
    Property ID
    US42-0219801
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Churches & religious facilities
    Year built 1914
    Total area 11,206 SF
    Lot 0.68 ac (29,534 SF)
    APN 62/B/14
    UPID US42-0219801
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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