54 York StPortland, ME 04101
- Office properties
- 22,446 SF
Property Details for 54 York St
- Year built
- 1900
- Lot size
- 0.22 AC
- Property size (Sq ft)
- 22,446 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- PTLD M:042 B:A007001
- APU
- PTLDM042BA007001
Description
This exceptional retail space, located at 54 York Street in Portland, Maine's vibrant Old Port district, offers 1,605 square feet of versatile commercial space. Situated on a 0.22-acre lot, this property boasts a highly desirable location at the corner of York and Maple Streets, benefitting from exceptional pedestrian traffic. The building, constructed in 1900, is a three-story structure with a total of 22,446 square feet. This specific unit is currently vacant and ready for immediate occupancy. The space features an overhead door and includes a 10x10 foot storage area. The property is zoned B5b and enjoys a walk score of 94, making it a "Walker's Paradise." Daily traffic counts on York Street exceed 19,990 vehicles. The minimum divisible space is 1,605 square feet, and the maximum contiguous space available is also 1,605 square feet. This presents a unique opportunity for businesses seeking high visibility and foot traffic in a thriving urban setting. The property is located in Cumberland County, Maine, with a zip code of 04101. This is a rare opportunity to establish a presence in one of Portland's most sought-after commercial districts.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,710,994
- 6.5%
- $3,425,533
- 7%
- $3,180,852
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,932,794
- Geo Method
- $2,932,794
-
Alternative Use
- Use
- Valuation
- Residential
- $4,247,661
- Hospitality
- $3,890,835
- Educational
- $3,237,129
- Medical
- $3,348,459
- Retail
- $5,035,534
Location Insight
- City
- Portland
- County
- Cumberland
- State
- Maine
- Latitude
- 43.6527
- Longitude
- -70.2573
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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