383 Commercial StPortland, ME 04101

Property Details for 383 Commercial St

Year built

2021

Property size (Sq ft)

1,971 SF

Property type

Other commercial real estate

APN

PTLD M:042 B:A002140

APU

PTLDM042BA002140

Description

This exceptional Class A retail property, located at 383 Commercial Street in Portland, Maine, presents a unique investment opportunity. The building boasts 1,193 square feet of vacant, immediately available storefront space, perfect for a variety of retail uses. Situated on a generous 2.49-acre lot, this property offers significant potential for expansion or redevelopment. The B5b zoning allows for a wide range of commercial applications, ensuring flexibility for future tenants or owners. The property's prime location in Portland's vibrant Old Port district guarantees high foot traffic and visibility, making it an ideal location for businesses seeking maximum exposure. The building's "A" class designation reflects its high-quality construction and modern amenities. This is a rare opportunity to acquire a substantial retail space in a highly desirable location within Cumberland County, Maine, with a 04101 zip code. The multiple tenancy option allows for diverse income streams and adaptability to changing market demands. This property is available for sale or lease, offering flexibility to suit various investment strategies. Its strategic location within the bustling Old Port area ensures a strong return on investment. Serious inquiries are encouraged to explore this exceptional commercial real estate opportunity.

• Alternative Use

  Use

  Valuation

  Residential

  $372,990

  Hospitality

  $341,657

  Educational

  $284,255

  Medical

  $294,031

  Retail

  $442,174

Location Insight

City

Portland

County

Cumberland

State

Maine

Latitude

43.6518

Longitude

-70.2573

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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