Technical
Financial
Distress signals
Property profile

65 Hanover St Portland, ME 04101

FOR LEASE
Commercial real estate
Property ID
US42-0378218
5,792 SF 0.44 ac lot Built 1945
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail space, located at 65 Hanover Street in Portland, Maine, offers a unique opportunity for a discerning business. The property is classified as Retail and Restaurant, currently operating as a bar, and features a total of 15,446 square feet across a single suite. A significant portion of the space, totaling 3,415 square feet, is currently vacant and ready for immediate occupancy. The property is situated in the vibrant Cumberland County, offering excellent visibility and accessibility. On-site parking is available for the convenience of customers and employees. The address is 65 Hanover Street, Portland, ME 04101. This location presents a compelling opportunity for a variety of businesses seeking a high-traffic area with ample space. The property's existing configuration as a bar suggests potential for a similar establishment or a business requiring a large, open floor plan. The substantial square footage provides flexibility for customization and adaptation to suit specific business needs. The property's prime location in Portland, Maine, ensures high visibility and accessibility for customers. The availability of on-site parking is a significant advantage in a bustling urban environment. This is a rare opportunity to secure a substantial retail space in a desirable Portland location. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1945
Total area 5,792 SF
Lot 0.44 ac (19,232 SF)
APN PTLD M:033 B:C015001
UPID US42-0378218

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • City Government Office
  • Architect Architectural Designer
  • Production Facility Brewery & Distillery
  • Bakery Specialty Food Shop
  • General Contractor

Location

65 Hanover St Portland, ME 04101
Portland metro Census 600 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.30M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.13M
Blend (final) Blend
$3.30M

Owner & transaction history

since 2024
Last sale
$3.3M
5 recorded transactions
2024
$3.3M
2023
Price N/A
2022
Price N/A
2021
Price N/A
2007
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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