239 Congress StPortland, ME 04101

Property Details for 239 Congress St

Year built

1905

Lot size

0.06 AC

Property size (Sq ft)

2,686 SF

Property type

Retail properties

Property subtype

Retail space

APN

PTLD M:021 B:F016001

APU

PTLDM021BF016001

Description

This exceptional three-story commercial property at 239 Congress Street in Portland, Maine, offers a unique blend of traditional and creative office space. Built in 1905, this building boasts 2,686 square feet of versatile space, ideal for multiple tenants. The property is zoned for Retail Services and features a convenient storefront, making it perfect for businesses seeking high visibility and walk-in traffic. Located in the heart of Portland, this prime location offers easy access to major transportation routes and a vibrant urban environment. The building sits on a 0.06-acre lot and is designated as Map 21, Block F, Lot 16 in Cumberland County. Its classic architecture and character are complemented by modern functionality, providing a unique and attractive space for businesses of all sizes. The property's traditional office layout can be easily adapted to suit the needs of creative businesses, offering a flexible and adaptable workspace. This is a rare opportunity to secure a well-located, historically significant building in a thriving Maine city. The property's multiple tenancy allows for diverse business occupancy and potential for strong rental income. Inquire today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $652,792

  6.5%

  $602,577

  7%

  $559,536

• Comparable approach

  Method

  Valuation

  Relative Method

  $884,401

  Geo Method

  $884,401

• Alternative Use

  Use

  Valuation

  Residential

  $508,296

  Hospitality

  $465,597

  Educational

  $387,371

  Medical

  $400,693

  Retail

  $602,577

Location Insight

City

Portland

County

Cumberland

State

Maine

Latitude

43.6629

Longitude

-70.2518

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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