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    Property profile

    244 Ray St Portland, ME 04103

    FOR SALE
    Assisted living facilities
    Built 1937
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    244 Ray St, Portland, ME 04103 For Sale 1 / 4
    $514,000
    244 Ray St, Portland, ME 04103
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    Property summary

    AI-generated overview

    Mixed-Use potential! Don't miss this beautifully renovated Garrison-style building nestled in the prime North Deering, Portland neighborhood. This property offers a unique blend of classic charm and modern convenience. Step inside to discover a freshly updated interior featuring new flooring throughout, a renovated bathroom, and a kitchen equipped with new appliances. Beyond the home's impressive interior, the property's mixed-use zoning presents a rare and exciting business or investment opportunity. Whether you envision a home-based business, a group home, or simply a versatile property with endless possibilities. The property offers plenty of parking, and sprinkler and fire alarm system is installed. Enjoy the vibrant Portland lifestyle with easy access to local amenities, schools, and parks. Don't miss your chance to own this exceptional home with incredible potential!

    Property profile

    Verified
    Property type Assisted living facilities
    Year built 1937

    Cap rate & NOI

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

    Location

    244 Ray St Portland, ME 04103
    Portland metro
    Google Maps

    Value estimations

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    Owner & transaction history

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • $875,000
      3,948 SF
      Mixed-Use Building with Retail
      Combines ground-level retail with renovated residential space in a live-work configuration.
      777 Forest Avenue, Portland, ME 04103
      View Details
    • New
      $505,000
      2,910 SF
      Mixed-Use Storefront Building
      Street-level commercial space is combined with a three-bedroom apartment and separate finished support area.
      1435 Forest Avenue, Portland, ME 04103
      View Details
    • New
      $505,000
      2,910 SF
      Mixed-Use Building with Storefront
      Two-level configuration combines ground-floor commercial space with a three-bedroom apartment and finished ancillary area.
      1435 Forest Avenue, Portland, ME 04103
      View Details
    • New
      $1,070,000
      5,036 SF
      Renovated Mixed-Use Property
      Two adjoining properties combine office space with a two-family building and commercial space.
      522-526 Washington Avenue, Portland, ME 04103
      View Details
    • $875,000
      3,948 SF
      Mixed-Use Property with Retail
      Commercial frontage combines an occupied shop with a renovated two-level residence and off-street parking.
      777 Forest Avenue, Portland, ME 04103
      View Details
    • New
      $480,000
      1,866 SF
      Mixed-Use Building with Off-Street Parking
      Two-unit residential building with added commercial space and off-street parking near Roux Institute campus.
      526 Washington Avenue, Portland, ME 04103
      View Details

    Similar Nearby for Sale

    • $875,000
      3,948 SF
      Mixed-Use Building with Retail
      Combines ground-level retail with renovated residential space in a live-work configuration.
      777 Forest Avenue, Portland, ME 04103
      View Details
    • New
      $505,000
      2,910 SF
      Mixed-Use Storefront Building
      Street-level commercial space is combined with a three-bedroom apartment and separate finished support area.
      1435 Forest Avenue, Portland, ME 04103
      View Details
    • New
      $505,000
      2,910 SF
      Mixed-Use Building with Storefront
      Two-level configuration combines ground-floor commercial space with a three-bedroom apartment and finished ancillary area.
      1435 Forest Avenue, Portland, ME 04103
      View Details
    • New
      $1,070,000
      5,036 SF
      Renovated Mixed-Use Property
      Two adjoining properties combine office space with a two-family building and commercial space.
      522-526 Washington Avenue, Portland, ME 04103
      View Details
    • $875,000
      3,948 SF
      Mixed-Use Property with Retail
      Commercial frontage combines an occupied shop with a renovated two-level residence and off-street parking.
      777 Forest Avenue, Portland, ME 04103
      View Details
    • New
      $480,000
      1,866 SF
      Mixed-Use Building with Off-Street Parking
      Two-unit residential building with added commercial space and off-street parking near Roux Institute campus.
      526 Washington Avenue, Portland, ME 04103
      View Details

    Similar Nearby for Lease

    • New
      $9 SF/Yr
      Office
      Office buildings
      1 Davis Farm Rd, Portland, ME 04103
      View Details
    • New
      $10 SF/Yr
      3,880 sqft
      Office and Warehouse Flex Space
      Lease approximately 3,880± SF of office and warehouse space within the 1039 Riverside complex in Portland, ME.
      1039 Riverside Street, Portland, ME 04103
      View Details
    • Contact for pricing
      Commercial Space for Lease
      Commercial space available for lease in Portland, Maine.
      273 Presumpscot St, Portland, ME 04103
      View Details
    • $1,995/Mo
      High-Visibility Retail/Office Suite
      Suite 101 offers high-visibility retail and office space near Northgate Plaza with easy access to major highways.
      94 Auburn Street, Suite 101, Portland, ME 04103
      View Details
    • Contact for pricing
      1,700 sqft
      Grocery Anchored Shopping Center Space
      Retail space available in North Deering neighborhood shopping center.
      91 Auburn St, Portland, ME 04103
      View Details
    • New
      Contact for pricing
      111,000 sqft
      Northgate Plaza Retail Space
      Grocery-anchored shopping center in Portland's North Deering neighborhood.
      91 Auburn St, Portland, ME 04103
      View Details
    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
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