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Property profile & analytics

594 Congress St Portland, ME 04101-3352

  • Retail space
  • 9,468 SF
  • 0.06 lot acres
OFF-MARKET
Last Sale
Feb 28, 2020
Value Estimations
$1,170,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US42-0241942
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • VetEnvoy / Veterinarian
  • Listing Tunnel, LLC - Matterport 3D Home Tours / Video Production Service
  • Locations Real Estate Group | Fitzgibbons and Latham / Real Estate Agency
  • Gallery at the Hay / Art Gallery
  • Ross Nickerson / Hobby Store

Property Details for 594 Congress St

Year built
1900
Lot size
0.06 lot acres
Property size
9,468 SF
Property type
Retail space
APN
PTLD M:037 B:G001001
APU
PTLDM037BG001001

Description

This exceptional retail property, located at 594 Congress Street in Portland, Maine, presents a unique investment opportunity. The building, constructed in 1900, boasts a total of 9,468 square feet spread across three stories. Its prime downtown location offers unparalleled visibility and accessibility for businesses seeking a thriving commercial environment. The property is zoned DEOZ, allowing for a variety of retail uses. The single building is situated on a lot identified as Map 37, Block G, Lot 1 in Cumberland County. With its multiple tenancy potential, this property is ideal for a variety of retail concepts, offering flexibility for both established businesses and new ventures. The building's historic character adds to its charm and appeal, providing a unique setting for businesses seeking a distinctive presence in the heart of Portland. The property's size and layout offer ample space for diverse retail operations, potentially accommodating multiple tenants or a single large-scale retailer. Its central location within Portland's vibrant downtown core ensures high foot traffic and excellent exposure to a large customer base. This is a rare opportunity to acquire a significant retail space in a highly desirable location. The property's age and character offer a unique opportunity to create a memorable and successful business environment. Serious inquiries are encouraged.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $1,650,000
    6.5%
    $1,525,000
    7%
    $1,415,000
  • Alternative Use

    Use
    Estimation
    RETAIL STORES
    $1,920,000
    Current use
    OFFICE BUILDING
    $1,735,000
    Change: -10% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Portland
County
Cumberland
State
Maine
Longitude
-70.2626
Latitude
43.6543
CBSA code
38860
CBSA name
PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,641
$359,300
$934,300
$1,293,600
-
$0.00
$0.00
$0.00
More about this property
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