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: |
9/3/2024 |
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 |
|
© Copyright 2024 Moody's. All Rights Reserved.
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.
|
