FREESTANDING COMMERCIAL BUILDING IN DOWNTOWN PORTLAND

Retail-Commercial for Sale
Catylist Listing ID: 30673065
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 4,256 SF
Gross Building Area: See Agent
Sale Price: $695,000
Unit Price: $163.30 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: PORTLAND RETAIL / RESTAURANT / GENERAL BUSINESS
Sale Terms: Purchase Money Mortgage, Other
Cap Rate: Undisclosed
Last Updated: 9/24/2021

Overview / Comments

We are pleased to offer for sale or lease 34 Portland Street located in Portland, Maine. This freestanding building consists of 3,724+/- square feet with two main floors plus attic with windows and basement area. The prior set up was a community hub with an in-house coffee shop, bar and library. Other amenities include back driveway for loading access and several employee parking spaces, usable storage/flex in basement and top level, and open layouts on main level and second floor; each with a footprint of 1,064 +/- square feet. Located on the corner of Portland Street and Alder Street, this brick building offers unbeatable exposure and great signage opportunities. This would be an ideal location for an owner/occupant, retailer, office user, restaurateur, or general business.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 033 J012
Zoning: B2B
Retail Clientele: General, Business, Tourist, Other
Property Located Between: Portland Street and Alder Street
Property Visibility: Excellent
Largest Nearby Street: I-295 / Forest Avenue
Highway Access: Minutes from I-295 and Maine Turnpike
Airports: 10 minutes to Portland International Jetport
Site Description: Highly visible freestanding brick building on corner of Portland and Alder Street.
Area Description: On Portland Peninsula in Downtown Portland in close proximity of the Old Port, Congress Street, Marginal Way, and Portland's Waterfront.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 1,064 SF
Property Condition: Good
Year Built: 1936
Year Renovated: 2019
Roof Type: Other
Construction/Siding: Brick, Stone
Exterior Description: Corner brick building with gated driveway off Alder Street for employee parking and delivery. 1st floor delivery door, exterior staircase to 2nd main level off Alder Street and showroom front entry on Portland Street.
Total Parking Spaces: 3
Parking Type: Surface
Parking Description: Gated driveway
Sprinklers: Wet, Other
Heat Type: Oil, Other
Heat Source: Baseboard, Other
Air Conditioning: Other
Internet Access: Cable
Interior Description: See attached brochure
Zoning Description: B2B
Lot Frontage: 9999
Water Service: Municipal
Sewer Type: Municipal
Easements: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,021 76,862 111,093
Median Age: 33.7 38.05 39.15
Households: 14,009 35,815 50,070

Contact

Photograph of Listing Agent

Matthew Douglas Cardente

Cardente Real Estate NECPE Member
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