For Sale
$450,000

72 Ocean StSouth Portland, ME 04106

High-visibility storefront in thriving South Portland.

Overview

Added:
Dec 11, 2024
Days on market:
113
This 1,620 square foot retail condominium, located at 72 Ocean Street in South Portland, Maine, presents a compelling investment opportunity. Built in 2009, this property is situated within the VC - Village Commercial District, offering excellent visibility and accessibility. The building, a three-story structure, is currently 100% occupied by Petalage Floral Studio, ensuring a steady income stream. The asking price is $450,000, translating to $277.78 per square foot. The property's location in South Portland's Knightville neighborhood places it within a dynamic area experiencing significant growth in retail and restaurant businesses. Its convenient proximity to the Casco Bay Bridge and downtown Portland further enhances its appeal. With a walk score of 71, the property benefits from high pedestrian traffic. The property features one unit within a single building, and its APN is Map 15, Block 105, Lot 113. This investment opportunity combines strong location, current occupancy, and growth potential in a desirable Maine market. The property's zoning and existing lease provide a solid foundation for future returns. This is an exceptional chance to acquire a well-situated retail space in a thriving community.

Highlights

  • 1,620± SF retail condo in South Portland's Knightville neighborhood, a rapidly developing area with strong retail presence.
  • High-visibility Ocean Street location, walk score of 71.
  • Convenient access to Casco Bay Bridge and Downtown Portland.
  • Currently leased to Petalage Floral Studio.

Property Details for 72 Ocean St

Property type
Retail properties, Retail space
Square Feet
1,620 SF
Year Built
2009
Buildings
1
Stories
3
Units
1

Location Insight

City
South Portland
County
Cumberland
State
Maine
Latitude
43.63936589
Longitude
-70.25366309
72 Ocean St, South Portland, Maine

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72 Ocean St
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