Custom House Wharf

Special Purpose for Sale
Catylist Listing ID: 30398875
Building Size (RSF): 100,000 SF
Gross Land Area: 1.42 Acres
Sale Price: $11,000,000
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/7/2019

Overview / Comments

Located on Portland’s Old Port District Waterfront, Custom House Wharf is being offered for sale for the first time in 160 years. The Wharf was built prior to 1807 and has been family owned since 1859. Home to a mix of wholesale seafood, manufacturing, restaurant and retail businesses including Custom House Seafood, Coastal Bait, Harbor Fish Market, Boones Family Restaurant, The Porthole, Gilbert's Chowder House and Sea Bags along with dockage for working lobster boats and the 85' Casablanca Cruise Vessel. The property consists of 1.42 +/- acres of waterfront property with over 100,000 sqft of rentable space, 3700 ft of dock space and the potential to develop the parking lot at 90 Commercial St. This extraordinary piece of Portland’s waterfront history is located in a designated Opportunity Zone allowing investors the possibility of significant tax benefits. Contact Broker for more details.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Taxing Authority: City of Portland
Tax ID/APN: 030 A001
Zoning: B3 WCZ
Property Located Between: 86 & 90 Commercial St
Property Visibility: Excellent
Total Number of Buildings: 10
Number of Stories: 3
Year Built: 1800
Year Renovated: 2007
Parking Type: Other
Zoning Description: WCZ & B3
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Deeds: Book 278, Page 374; Book 286, Page 159; Book, 322 Page 77; and Book 322, Page 190; Tax Map 30, Lots A001, A002 and A101

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,205 71,663 111,394
Median Age: 34.93 37.65 39.18
Households: 10,986 33,676 50,199

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