For Sale
$3,450,000

101 Hanover StPortland, ME 04101

High-yield, 10-unit retail property

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use investment opportunity presents a fully leased, 10-unit storefront at 101 Hanover Street in Portland, Maine's vibrant West Bayside neighborhood. The property boasts 21,409 square feet on a 0.81-acre lot, offering high visibility and convenient access to I-295. Built in 1930 and extensively renovated in 2014, this single-story building currently enjoys 100% occupancy. The flexible B7 zoning permits a variety of uses, maximizing investment potential. With ample on-site parking, this multi-tenanted asset represents a stable, high-return investment. The asking price is $3,450,000. This prime location in the heart of Portland offers significant upside for future growth and appreciation. The property's strong tenant base and desirable location make it an attractive opportunity for discerning investors seeking a stabilized, income-producing asset in a thriving market. The substantial square footage and flexible zoning provide considerable long-term potential.

Highlights

  • Multi-tenanted investment property with 10 units, fully leased.
  • 21,409 square feet on a 0.81-acre lot in Portland, ME's West Bayside.
  • Flexible B7 zoning allows for diverse commercial uses.

Property Details for 101 Hanover St

Property type
Retail properties, Mixed-use properties
Square Feet
21,409 SF
Year Built/Renovated
1930/2014
Buildings
1
Stories
1
Lot Size (sq. ft)
35,284 SF
Units
10

Location Insight

City
Portland
County
Cumberland
State
Maine
Latitude
43.660323349827
Longitude
-70.264773511666
101 Hanover St, Portland, Maine

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101 Hanover St
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