64 Auburn StPortland, ME 04103

This exceptional Portland, Maine investment property presents a compelling value-add opportunity. Located at 64 Auburn St, in Cumberland County (zip code 04103), this 0.82-acre site boasts three buildings totaling 9,000 square feet across two stories. Currently housing a cherished possessions consignment shop and a restaurant/pub, both under the same ownership and available for a potential lease-back arrangement. The property, built in 1950 and renovated in 2010, is classified as a Class B multifamily and retail property with two units and two tenants. The permitted B1 zoning allows for diverse uses, including high-density residential development, maximizing investment potential. Its strategic location on busy Auburn Street, across from Shaws Plaza and near the Maine Turnpike, ensures high visibility and accessibility. The property's occupancy date is January 1, 2025. The asking price is $1,850,000. There is no credit rating available for the tenants. The possibility of acquiring adjacent land further enhances this already attractive investment prospect. This is a multi-tenant property with no credit rating provided for the tenants.