Catylist ID:
#30854612
2 Retail / Commercial Condos For Sale - Downtown Portland
Retail-Commercial
for Sale
Also listed as Office
| Catylist Listing ID: | 30854612 |
| Property Subtypes: | Mixed Use, Other, General |
| Building Size (RSF): | 6,497 SF |
| Gross Building Area: | 8,528 SF |
| Sale Price: | $1,250,000 |
| Unit Price: | $192.40 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Vacant/Owner-User |
| Building Name: | 44 Oak St |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/6/2024 |
Overview / Comments
|
2 trophy condos at the very center of Portland's peninsula offer the owner-user or quality minded investor opportunity and upside. Called a 'walker's paradise' by WalkScore this location offers immediate access to boutiques, breweries, shops, salons, galleries, grocers and even museums, music venues, monuments and more... This location ensures that any use from commercial to mixed to residential will not only succeed but thrive. The current owners have poured money into this historic property to preserve its past and ensure it meets today's needs/demands. From plumbing, heating, cooling, electrical and more the attention to detail is impressive. What's also impressive is the retained period details from the intricate tin ceilings and trim to plate glass windows and 10-13' ceilings. The desirable B3 zone allows for a host of uses. Shown by appointment. Offered 3 ways: 1) Unit 1 - 4,347sq/ft, garden and ground level condo, currently fully outfitted as a high-end spa/salon $795,000. (taxes $12,538 & condo fee $850p/m) 2) Unit 2 - Second floor condo, currently leased to Man & Oak $455,000. (taxes $6,764 & condo fee $250p/m) 3) Units 1 & 2 - $1,250,000 |
Additional Details
| Nearest MSA: | Portland-South Portland |
| County: | Cumberland |
| Tax ID/APN: | 039 B011 |
| Zoning: | B3 DEOZ |
| Retail Clientele: | General, Business, Other |
| Property Located Between: | Free and Spring |
| Largest Nearby Street: | Congress |
| Highway Access: | Yes |
| Airports: | PWM |
| Area Description: | Downtown / In-town / Center of Portlan's peninsula |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 1 |
| Number of Stories: | 3 |
| Property Condition: | Good |
| Year Built: | 1914 |
| Year Renovated: | 2021 |
| Roof Type: | Flat |
| Construction/Siding: | Brick |
| Exterior Description: | Brick |
| Parking Description: | Multiple parking lots and garages close by |
| Sprinklers: | Wet |
| Heat Type: | Electricity, Natural Gas, Space Heaters |
| Heat Source: | Central, Ceiling Units |
| Air Conditioning: | Other |
| Interior Description: | Garden & First Floor condo currently built out as a high-end salon & spa, but suitable for a variety of retail, service and office uses. 4,347+/- SF Second floor investment condo. Built out in 2021/2022. 2,150+/- SF |
| Zoning Description: | B3 DEOZ - opportunity zone |
| Lot Frontage: | .99 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
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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