101 Hanover StPortland, ME 04101

Property Details for 101 Hanover St

Year built

1930

Lot size

0.81 AC

Property size (Sq ft)

21,409 SF

Property type

Retail properties

Property subtype

Retail space

APN

PTLD M:034 B:K004001

APU

PTLDM034BK004001

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,203,134

  6.5%

  $4,802,894

  7%

  $4,459,830

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,049,196

  Geo Method

  $7,049,196

• Alternative Use

  Use

  Valuation

  Residential

  $4,051,420

  Hospitality

  $3,711,079

  Educational

  $3,087,574

  Medical

  $3,193,761

  Retail

  $4,802,894

Location Insight

City

Portland

County

Cumberland

State

Maine

Latitude

43.6606

Longitude

-70.2644

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].