Re-Development Opportunity For Sale!

Retail-Commercial for Sale
Catylist Listing ID: 30856196
Property Subtypes: Free-Standing Building, Other
Building Size (RSF): 7,020 SF
Gross Building Area: See Agent
Sale Price: $6,000,000
Unit Price: $854.70 PSF
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 6/11/2024

Overview / Comments

For Sale re-development opportunity located at 713 Congress St. Portland, ME. The site is .7923 +/- AC with a current building size of 7,020 +/ -SF. Walgreens is the current tenant with a NNN lease and has approx. 3.5 years remaining on the current term.
The Zone is B-2B and lot allows for up to 79 residential units for re-development.

Please contact John at 207-939-8500 or johnrgendron@gmail.com with further questions!

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: Map 47, Lot C-19
Zoning: B2-B
Lot Frontage: 146FT

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,655 81,221 117,792
Median Age: 34.28 37.54 39.12
Households: 12,930 37,437 52,903
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