60 Ocean St South Portland, ME 04106-2829
Exceptional investment or owner-user opportunity in South Portland's desirable Knightville neighborhood. This three-story, 9,640 square foot mixed-use building, constructed in 2019 and renovated in 2023, boasts a blend of commercial and residential space. The property features 6,006+ square feet of high-quality restaurant space and 3,634+ square feet of residential area divided into six upscale apartments. Apartment amenities include wood flooring, granite countertops, new cabinetry, custom tile showers, and a state-of-the-art heat pump system. The building sits on a 0.11-acre lot and includes eight off-street parking spaces. Currently operating at 100% occupancy, this property offers significant potential for both income generation and future appreciation. Its convenient location provides easy access to Portland's Old Port and other amenities. The building is zoned VC and presents a rare opportunity in a highly sought-after area. Asking price is $3,395,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.