100% occupied brick 15,126 square foot mixed-use property. This historic building has undergone major renovation with new storefronts, windows, heating, plumbing, electrical, etc. The first floor is comprised of six retail storefronts currently configured for 5 tenants. Facing busy Forest Avenue and Bishop Street, property offers visibility on one of the busiest intersections in the state of Maine. The second floor is new residential, comprised of 25 rooming units and and common areas. The rear of the building offers parking and a loading dock. In addition, a separate .1825-acre, 20+ space parking lot is being conveyed with possible development opportunity. Current professional management is also available to the new owner if desired. Excellent financials, ideal for 1031 exchange investment. Close to many area restaurants, stores, businesses, and the University of New England. Also Listed Multifamily MLS #1611104
MLS# | 1611107 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active Under Contract |
Year | 1900 |
Days On Site | 59 |
Listing Provided By | Town & Shore Real Estate | Jeffrey Davis |
SQ Feet | 15,126 |
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Basement | Y |
Story(s) | 2 |
Units | 29 |
Zoning | B2 |
Acreage | 0.47 |
State | ME |
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County | Cumberland |
City | Portland |
Zip Code | 04103 |
Listing VS Median (in 04103) | |
Price: $2,895,000 low | high Med: $642,000 SqFt: 15,126 low | high Med: 1,854 $ / SqFt: $191 low | high Med: $349 On Site: 59 low | high Med: 82.500000 |