Listing

540 Congress Street

RetailMulti-Family

540 Congress Street, Portland, ME 04101

14 photos
Retail For Sale
Asking
$2,975,000
Available
28,877 SF
Floor / Suite
Mixed-Use Building
Listing Details
Type
Sale
Status
Active
Asking Price
$2,975,000
Price/SF
$103.02/SF
List Date
Jul 9, 2025
Available
Jul 9, 2025
Days on Market
440
Financing Available
No
Sale Total Expenses
$64,077
Vacant Date
Apr 1, 2026
Owner Occupied
No
Tax Amount
$64,077
Tax Year
2024
Last Verified
Aug 31, 2026
Agent Ownership Interest
No

Art Deco Mixed-Use Building In Downtown Portland

Mixed-use building with Art Deco style construction in the heart of downtown Portland. Prominent visibility w/ frontage on both Congress Street & Free Street. 1st Floor condominium built out as 25,800± SF of climate-controlled retail space, supported by approximately 1,800± SF of warehouse space, & approximately 1,200± SF of office space. 2nd Floor space built out with four (4) leased residential condominiums, accessible via stairwell on Congress Street. Value-add component through upstairs residential condominiums & new owner’s ability to build more units (see broker).

Space Details

Suite
Mixed-Use Building
Available SF
28,877 SF
Primary Use
Retail
Property Highlights
Type
Retail
Subtype
Mixed use
Size
28,877 SF
Acreage
0.58 Acres
Occupancy Type
Multi Tenant
Year Built
1942
Year Renovated
2011
Floors
2
Zoning
B3
Sprinklered
Yes
County
Cumberland
Submarket
Portland-South Portland-Biddeford
Contact
CF
Cameron FosterPrimary
The Boulos Company
RM
Reese McFarlane
The Boulos Company
DS
Drew Sigfridson, SIOR
The Boulos Company
Location