94 Portland St - Apartments FOR SALE


Portland, ME 04101
$645,000 USD
207-775-0248
94 Portland St, Portland, ME for Sale
$645,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

94 Portland St
Portland, ME 04101


OVERVIEW

Opportunity awaits! Located at the center of the peninsula and in Portland emerging Bayside neighborhood this commercial/mixed use investment provides income and opportunity. The main level is leased @ $3,300pm modified gross (tenants pay heat, ac, hot water and electric) and this space is lovely. The upper 2.5 levels have been gutted and await your imagination and finish. The current owners have plans for 5 residential apartments but the options are many. With ReCode this site is slated to become a B2B zone and even more desirable. The bones are good - the location fantastic - the opportunity apparent. Shown by appointment Monday through Friday 10Am to 4PM with advanced notice. Financing? With the Cannabis business some lenders won't finance. That said many local lenders will. The sellers currently have a mortgage with Bangor Savings, the tenant banks with Casco FCU & Evergreen FCU will also finance. Shown by appointment Monday through Friday 10Am to 4PM with advanced notice.

FOR SALE DETAILS

PRICE

$645,000 USD

PRICE/SF

$129 USD /SF

# OF UNITS

5

PRICE/UNIT

$129,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-Level with Business

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,433 SF

ZONING

B2b

APN/PARCEL ID

PTLD-000036-000000-H003001

ASK ABOUT THIS PROPERTY

Tom LandryBenchmark Real EstateMore Info
207-775-0248

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Tom LandryBenchmark Real EstateMore Info
207-775-0248

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.