161 Commercial Street | 2 Market Street
Retail-Commercial
for Sale
| Catylist Listing ID: |
30864623 |
| Property Subtypes: |
Mixed Use, Street Retail
|
| Building Size (RSF): |
18,754 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$5,495,000 |
| Unit Price: |
$293 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN) |
| Sale Terms: |
Undisclosed |
| Last Updated: |
4/30/2024 |
Overview / Comments
|
We are pleased to offer for sale 2 Market Street in Portland Maine. This 18,754 +/- SF landmark property sits at the corner of Commercial and Market street. Occupied by Leroux Kitchen, DEW, and SLR this is an excellent real estate investment for the buyer looking for a fully tenanted Retail/Office building in the heart of the Old Port. Built in 1850 originally as a warehouse, this Greek revival building has been renovated as aa retail and office building. The property is also eligible for historic tax credits, offering the potential for a residential conversion on the upper floors in the future. With water views, historic touches, and easy access to I-295, 2 Market Street is an exceptional property for investors alike.
|
Current Tenants
| Tenant Business Name |
Leroux Kitchen |
| Tenant Business Name |
DEW Construction Corporation |
| Tenant Business Name |
SLR Consulting |
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
Cumberland |
| Tax ID/APN: |
05170_032 S004 |
| Zoning: |
B3 |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Commercial Street |
| Highway Access: |
I-295 |
| Airports: |
PWM |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
6 |
| Property Condition: |
Excellent |
| Year Built: |
1850 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
22,083 |
71,663 |
111,394 |
| Median Age: |
34.55 |
37.65 |
39.18 |
| Households: |
11,682 |
33,676 |
50,199 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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