Property profile

57 Neal St Portland, ME 04102

OFF-MARKET
Churches & religious facilities
Property ID
US42-0219801
11,206 SF 0.68 ac lot Built 1914
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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)
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

Location

57 Neal St Portland, ME 04102
Portland metro
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Value estimations

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Owner & transaction history

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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