88 Danforth Street, Portland

Retail-Commercial for Sale
Catylist Listing ID: 30744505
Property Subtypes: Mixed Use, Retail-Pad, Street Retail, Other
Building Size (RSF): 1,213 SF
Gross Building Area: See Agent
Sale Price: $320,000
Unit Price: $263.81 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/27/2021

Overview / Comments

We are pleased to offer a first floor commercial condo for sale located at 88 Danforth Street. The condo is currently a turn-key laundromat and is 1,213± SF - which includes a full height 660± SF basement. The Property is located on the edge of Portland’s West End and close to the Old Port - an excellent neighborhood location.

The laundromat currently brings in $3,200±/month in revenue and offers solid upside through expanded hours, wash/dry/fold services, and dry cleaning drop-off.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $0 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: Map 44, Block A, Lot 21
Zoning: RESIDENTIAL (R6)
Lot Frontage: 50

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,047 75,460 111,093
Median Age: 34.54 37.79 39.15
Households: 12,318 35,115 50,070

Contact

Photograph of Listing Agent

Katherine Allen

NAI The Dunham Group
NECPE Member
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