Downtown Condominium Package

Retail-Commercial for Sale
Catylist Listing ID: 30725347
Property Subtypes: Mixed Use
Condo? Yes
Building Size (RSF): 8,648 SF
Gross Building Area: See Agent
Sale Price: $2,700,000
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/10/2021

Overview / Comments

Presenting a rare offering of 3 contiguous condominium units totaling 8,648± SF located within an Opportunity Zone in downtown Portland, ME. 44 Oak Street is a beautiful brick building with a large window line, views of Casco Bay, period details, 10’ to 13' tin ceilings, and keyed elevator access. There is potential upside for residential conversion. Excellent exposure on Free Street with an additional private entrance on Oak Street. Centrally located a block from Congress Street and near Maine College of Art, Portland Museum of Art, Maine Children’s Museum, Cross Insurance Arena, and many professional offices, retail shops, and restaurants. Offering does not include 4th floor residential condominium.

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Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 05170_039 B011
Is Condo?: Yes
Zoning: B3
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 4
Year Built: 1914
Year Renovated: 2015
Parking Description: On-street
Passenger Elevators: 1
Heat Type: Other
Heat Source: Heat Pump
Lot Frontage: 130
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,201 80,176 111,093
Median Age: 33.99 38.13 39.15
Households: 13,139 37,046 50,070

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