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: 2/26/2024

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.

Attachments & Media

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

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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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