211 Valley StPortland, ME 04102

Property Details for 211 Valley St

Year built

1955

Lot size

0.28 AC

Property size (Sq ft)

1,260 SF

Property type

Retail properties

Property subtype

Retail space

APN

PTLD M:064 B:E012001

APU

PTLDM064BE012001

Description

This exceptional mixed-use property at 211 Valley Street in Portland, Maine, presents a unique investment opportunity. The 04102 zip code location offers excellent visibility and accessibility. The fully renovated building, completed in 2022, boasts two overhead doors ideal for an auto shop or similar use, along with a convenient office space featuring a kitchenette and restroom. A substantial paved parking lot provides ample space for customers and employees. The property's B2 - Business Community zoning allows for a wide range of uses, making it an attractive option for owner-occupiers or developers. The existing structure provides immediate income potential, while the large lot size presents significant redevelopment possibilities. This is a rare chance to acquire a versatile property in a thriving Portland neighborhood, offering both immediate returns and long-term growth potential. The building's recent renovation ensures minimal upfront capital expenditure, allowing for immediate occupancy or streamlined redevelopment. The combination of existing income-generating space and significant development potential makes this a truly compelling investment. This property is ready for its next chapter.

• CAP approach

  CAP return

  Valuation

  6%

  $306,224

  6.5%

  $282,668

  7%

  $262,478

• Comparable approach

  Method

  Valuation

  Relative Method

  $414,872

  Geo Method

  $414,872

• Alternative Use

  Use

  Valuation

  Residential

  $238,441

  Hospitality

  $218,411

  Educational

  $181,715

  Medical

  $187,965

  Retail

  $282,668

Location Insight

City

Portland

County

Cumberland

State

Maine

Latitude

43.6514

Longitude

-70.2777

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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