181 Brackett StPortland, ME 04102

This exceptional 13,020 square foot Class A apartment building presents a compelling redevelopment opportunity in Portland, Maine's West End. Located at 181 Brackett Street (APN: Map 45, Block E, Lot 38), this vacant property boasts a striking brick exterior, high ceilings, and excellent retail visibility. Built in 1887 and renovated in 2003, the three-story building sits on a 0.16-acre lot and is zoned B1. Recent capital improvements include a new roof, windows, and façade upgrades. Current plans, though not guaranteed, envision nine residential units and one commercial unit. The asking price is $2,500,000, or $250,000 per unit, representing a price per square foot of $192.01. This property offers significant potential for investors seeking to capitalize on the vibrant Portland market. The building's history and location combine to create a unique opportunity for a developer to create a high-value residential and/or commercial space. This is a rare chance to acquire a substantial property in a desirable area with existing plans and recent upgrades. Serious inquiries only.