For Sale
$3,395,000

60 Ocean StSouth Portland, ME 04106

7-unit building, high occupancy, excellent location

Overview

Added:
Dec 11, 2024
Days on market:
113
Exceptional investment or owner-user opportunity in South Portland's desirable Knightville neighborhood. This three-story, 9,640 square foot mixed-use building, constructed in 2019 and renovated in 2023, boasts a blend of commercial and residential space. The property features 6,006+ square feet of high-quality restaurant space and 3,634+ square feet of residential area divided into six upscale apartments. Apartment amenities include wood flooring, granite countertops, new cabinetry, custom tile showers, and a state-of-the-art heat pump system. The building sits on a 0.11-acre lot and includes eight off-street parking spaces. Currently operating at 100% occupancy, this property offers significant potential for both income generation and future appreciation. Its convenient location provides easy access to Portland's Old Port and other amenities. The building is zoned VC and presents a rare opportunity in a highly sought-after area. Asking price is $3,395,000.

Highlights

  • $3,395,000 asking price for a rare mixed-use building in South Portland, ME.
  • 7-unit apartment building with 9,640 square feet.
  • Located at 60 Ocean St, South Portland, ME 04106.
  • 100% occupancy.
  • Built in 2019, renovated in 2023.
  • Features 6,006 SF of restaurant space and 3,634 SF of high-end residential apartments.

Property Details for 60 Ocean St

Property type
Retail properties, Mixed-use properties
Square Feet
9,640 SF
Year Built/Renovated
2019/2023
Buildings
1
Stories
3
Lot Size (sq. ft)
4,792 SF
Units
7

Location Insight

City
South Portland
County
Cumberland
State
Maine
Latitude
43.639759114857
Longitude
-70.253836120471
60 Ocean St, South Portland, Maine

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60 Ocean St
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