69 Newbury St - Storefront Retail/Residential FOR SALE


Portland, ME 04101- East Bayside-India Street
$2,250,000 USD
207-776-2813
69 Newbury St, Portland, ME for Sale
$2,250,000 USD
Storefront Retail/Residential - FOR SALE
1/39
null | Request Cap Rate


HIGHLIGHTS

  • Mixed-Use Building (Residential & Commercial)
  • Premier East End Location
  • Fully Renovated & Turnkey

OVERVIEW

Turnkey mixed use investment opportunity in Portland's highly sought after East End. This four unit property features three residential apartments and one commercial space, making it an exceptional opportunity for investors or owner-occupants seeking strong rental income. The residential units include a completely renovated 2 bedroom, 1 bathroom apartment with a bonus room, a 2 bedroom, 1 bathroom apartment, and a renovated 3 bedroom, 2 bathroom apartment. Extensive capital improvements include a new roof (2023), new siding, new windows, three new heat pumps, updated plumbing and electrical systems, renovated kitchens and bathrooms, and substantial improvements to the commercial space. Just steps from the Eastern Promenade, East End Beach, the Old Port, Portland's waterfront, and countless restaurants, breweries, coffee shops, and local shops. This is a rare opportunity to own a fully renovated mixed use property in one of Maine's most desirable neighborhoods. Showings by appointment only. Please allow a minimum of 48 hours' notice. Please see the attached list of capital improvements for a summary of recent renovations and upgrades.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$507 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Bar, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

IS-FBS

APN/PARCEL ID

PTLD-000020-000000-B004001

ASK ABOUT THIS PROPERTY

Frank CurranHarborview PropertiesMore Info
207-776-2813

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Frank CurranHarborview PropertiesMore Info
207-776-2813

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