770-772 Congress St - Medical FOR SALE


Portland, ME 04102- West End
$850,000 USD
207-773-7100
770-772 Congress St, Portland, ME for Sale
$850,000 USD
Medical - FOR SALE
1/8
null | Request Cap Rate

770-772 Congress St
Portland, ME 04102
West End


HIGHLIGHTS

  • Prime Congress Street Frontage
  • 12± Space Parking Lot
  • Rooftop Deck
  • Redevelopment Potential

OVERVIEW

We are pleased to offer for sale this well-positioned brick commercial building located at 770 Congress Street in Portland, Maine. Situated on a 0.1983± acre lot in the Community Business Zone (B-2b), this property presents a rare owner/user or investment opportunity on one of Portland’s most prominent commercial corridors. The building features 2,602± SF of first-floor office/retail space with 12-foot ceiling heights, brick construction, and hot air heating. The lower level offers an additional 1,820 SF of unfinished basement space, currently used for storage, but potential upside in improving this space. The first floor is currently configured as office space with a mix of private offices, a conference room, open workspace, and a kitchenette. An associated asphalt parking lot accommodates 12± vehicles — a valuable asset in this walkable urban location. The property also features a rooftop deck area amenity at the rear. The building is served by public water, public sewer, and natural gas, and is heated and cooled via a rooftop natural gas HVAC unit. With its Congress Street visibility, flexible B-2b zoning, on-site parking, and proximity to Maine Medical Center, the property is ideal for a wide range of owner/users or investors. Prior redevelopment plans for up to 9 residential units plus ground-floor retail are also available for review.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$333 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,625 SF

ZONING

B2b

APN/PARCEL ID

PTLD-000054-000000-F008001

ASK ABOUT THIS PROPERTY

Samuel LeGeytThe Dunham GroupMore Info
207-773-7100

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Samuel LeGeytThe Dunham GroupMore Info
207-773-7100

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