For Sale
$1,600,000

186 Washington AvePortland, ME 04101

Historic Bar/Restaurant, 7,620 SF

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 7,620 square foot retail building, located at 186 Washington Avenue in Portland, Maine, presents a unique investment opportunity. Built in 1930, this two-story Class B property sits on a 0.097-acre lot (APN 10/F/2) and is currently offered for sale by the owner, Loring Charles Amvets Post No 25, at an asking price of $1,600,000 ($210 per square foot). The property is zoned B-2b and boasts a prime location within Portland's vibrant Washington Avenue corridor, benefiting from its proximity to I-295 and a variety of local amenities including restaurants, grocery stores, and boutique shops. The building's history as a bar and restaurant makes it ideally suited for a similar use, capitalizing on the area's bustling atmosphere and high foot traffic. This is a rare chance to acquire a well-situated, established property in a rapidly developing area of Portland. The building's size and layout offer significant potential for a variety of uses, making it an attractive investment for both established businesses and new ventures. The property's strong location and existing infrastructure provide a solid foundation for future success. Serious inquiries are encouraged.

Highlights

  • 7,620 SF retail building on a 0.097-acre lot in Portland, ME.
  • Prime location on Washington Ave, near I-295 and numerous amenities.
  • Ideal for bar/restaurant use; $1,600,000 asking price ($210/SF).
  • Zoned B-2b.

Property Details for 186 Washington Ave

Property type
Retail properties, Restaurants
Square Feet
7,620 SF
Class
B
Year Built
1930
Buildings
1
Stories
2
Lot Size (sq. ft)
4,225 SF

Location Insight

City
Portland
County
Cumberland
State
Maine
Latitude
43.669334724389
Longitude
-70.254395120223
186 Washington Ave, Portland, Maine

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186 Washington Ave
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