14 Veranda StPortland, ME 04103
- Office properties
- 7,341 SF
Property Details for 14 Veranda St
- Year built
- 1910
- Lot size
- 0.46 AC
- Property size (Sq ft)
- 7,341 SF
- Property type
- Office properties
- Property subtype
- Other office properties
Description
This exceptional investment opportunity presents a three-building portfolio totaling 7,341 square feet on a 0.46-acre lot in Portland, Maine. Located at 513 Washington Avenue, 14 Veranda Street, and 18 Veranda Street, this Class B property boasts a strategic location off I-295, at a four-way lighted intersection near the future Roux Institute entrance. Built in 1910, the two-story buildings are zoned B-2, offering diverse redevelopment possibilities. The portfolio features short-term leases, mitigating carrying costs. With an average annual daily traffic count of 29,080 vehicles and approximately 255 feet of frontage on Veranda Street, the properties are ideally suited for residential, hotel, or mixed-use development. The asking price is $2,700,000, with seller financing available at a competitive rate. The portfolio's APN is 19599/288. This is a rare chance to acquire a significant property in a rapidly growing area of Portland. The property is owned by Rockprop, LLC.
Location Insight
- City
- Portland
- County
- Cumberland
- State
- Maine
- Latitude
- 43.6805
- Longitude
- -70.2573
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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