For Sale
$2,275,000

172 State St Portland, ME 04101

Prime Portland location, 8,390± SF, redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 8,390± square foot, three-story mixed-use building, constructed in 1900, presents a unique investment opportunity in Portland, Maine. Situated on a 0.38± acre lot in the heart of the city, this Class B property is zoned R6 - Residential, offering significant potential for residential conversion or redevelopment. The building currently features multiple private offices, expansive gathering spaces, and a beautifully remodeled apartment. An additional outbuilding provides ample storage and showroom space. The property's rich history and prime location make it an ideal candidate for a variety of uses. A separate 0.22± acre lot at 105 Winter Street may be available for purchase at an additional cost. This offering presents a rare chance to acquire a substantial property with significant upside in a thriving urban environment. The asking price is $2,275,000.

Highlights

  • $2,275,000 asking price for this mixed-use building.
  • 8,390+/- SF, three-story building on a 0.38+/- acre lot.
  • Features multiple private offices, large common areas, a renovated apartment, and a storage/showroom outbuilding.
  • Located at 172 State St, Portland, ME 04101, in a R6 residential zone.
  • Built in 1900, Class B construction.
  • An adjacent 0.22+/- acre lot at 105 Winter Street may be available for an additional cost.

Property Details for 172 State St

Property type
Office properties, Mixed-use properties
Class
B
Year Built
1900
Stories
3
Lot Size (sq. ft)
16,553 SF

Location Insight

City
Portland
County
Cumberland
State
Maine
Latitude
43.652586629041
Longitude
-70.266198089003

FAQs

What type of property is this?
Office property - Prime Portland location, 8,390± SF, redevelopment potential.
Where is the office property located?
The property is located at 172 State St Portland, ME.
What is the asking price?
The asking price for this property is $2,275,000.
What are key features of this property?
This property features: $2,275,000 asking price for this mixed-use building.; 8,390+/- SF, three-story building on a 0.38+/- acre lot.; Features multiple private offices, large common areas, a renovated apartment, and a storage/showroom outbuilding.
How can I contact the broker?
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172 State St
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