21 Chestnut St - Apartments CONDO FOR SALE


Portland, ME 04101- City Center
$325,000 USD
207-773-7100
21 Chestnut St, Portland, ME for Sale
$325,000 USD
Apartments CONDO - FOR SALE
1/8
null | Request Cap Rate

21 Chestnut St
Portland, ME 04101
City Center


HIGHLIGHTS

  • Adjacent to Portland High School
  • 7-year lease back - 19% IRR
  • Prime Downtown Location in Portland's walkable, urban, easy access to transit

OVERVIEW

The Dunham Group is pleased to present Unit #2 at 21 Chestnut Street, Portland, a stabilized investment opportunity featuring a long-standing neighborhood retailer. The property is offered at a 10% capitalization rate based on first-year rental income and is secured by a newly executed seven-year lease. Peace Food Market has successfully operated at this location since 2009, demonstrating consistent performance and strong ties to the surrounding community. This offering provides investors with an established tenant and long-term income stability in a desirable Portland location.

FOR SALE DETAILS

PRICE

$325,000 USD

PRICE/SF

$247 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

36,198 SF

STORIES

6

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

11

APN/PARCEL ID

PTLD M:027 B:C010000,PTLD-000027-000000-C010000,WSBR-000038-000000-000138

ASK ABOUT THIS PROPERTY

Sylas HatchThe Dunham GroupMore Info
207-773-7100

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Sylas HatchThe Dunham GroupMore Info
207-773-7100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.