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Property profile & analytics

64 Auburn St Portland, ME 04103-2104

  • Retail space
  • 8,564 SF
  • 0.82 lot acres
OFF-MARKET
Last Sale
May 15, 2023
$675,000
Value Estimations
$710,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US42-0219877
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

  • Bayou Kitchen 2 / Restaurant
  • Cherished Pub / Bar & Grill
  • Cherished Possessions & Pub / Antique Store / Garden Center

Property Details for 64 Auburn St

Year built
1950
Lot size
0.82 lot acres
Property size
8,564 SF
Property type
Retail space
APN
PTLD M:375 B:A003001
APU
PTLDM375BA003001

Description

This exceptional Portland, Maine investment property presents a compelling value-add opportunity. Located at 64 Auburn St, in Cumberland County (zip code 04103), this 0.82-acre site boasts three buildings totaling 9,000 square feet across two stories. Currently housing a cherished possessions consignment shop and a restaurant/pub, both under the same ownership and available for a potential lease-back arrangement. The property, built in 1950 and renovated in 2010, is classified as a Class B multifamily and retail property with two units and two tenants. The permitted B1 zoning allows for diverse uses, including high-density residential development, maximizing investment potential. Its strategic location on busy Auburn Street, across from Shaws Plaza and near the Maine Turnpike, ensures high visibility and accessibility. The property's occupancy date is January 1, 2025. The asking price is $1,850,000. There is no credit rating available for the tenants. The possibility of acquiring adjacent land further enhances this already attractive investment prospect. This is a multi-tenant property with no credit rating provided for the tenants.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $655,000
    ML approach
    $785,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $748,000
    Market price range: $425k - $1.29M

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


Location Insight

  • Map
  • Local Demand
City
Portland
County
Cumberland
State
Maine
Longitude
-70.2898
Latitude
43.7024
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
$17,099
$561,900
$624,700
$1,186,600
-
$0.00
$0.00
$0.00
More about this property
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