Redevelopment Site - Outer Congress Street

Retail-Commercial for Sale
Catylist Listing ID: 30138346
Property Subtypes: Free-Standing Building, Street Retail, Vehicle Related, Other
Building Size (RSF): 1,288 SF
Gross Building Area: See Agent
Gross Land Area: 12,218 SF
Sale Price: $799,000
Unit Price: $620.34 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/19/2018

Overview / Comments

Excellent 12,278 sq foot site to redevelop on outer Congress Street. Former gas station with many different possibilities. Could be new housing / mixed use development or repurpose the existing building. High traffic count near airport / bus / train station. Just outside of Thompson's Point access road. Large lot in the B1 zone, tanks have been removed.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 1217CommercialStreetPortlandMaine
Retail Clientele: General, Business
Property Located Between: Corner of Bolton and Congress
Property Visibility: Excellent
Largest Nearby Street: Congress Street / Maine Turnpike
Feet of Frontage: 122
Highway Access: Congress Street spur
Airports: PWM
Site Description: Corner lot with frontage on 122 feet of frontage on Congress St. and 104 feet on Bolton St.
Area Description: Busy retail area seeing a surge in development. Just outside Thompson's Point access road.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1964
Construction/Siding: Aluminum Siding
Total Parking Spaces: 15
Parking Type: Surface
Zoning Description: B1 zoning allows for many different uses
Lot Frontage: 122
Lot Depth: 104
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,143 84,342 120,840
Median Age: 35.43 37.58 39.02
Households: 8,285 38,905 54,219


Photograph of Listing Agent

Jed Rathband

KW / The Rathband Company,
NECPE Member
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