• 7 units
  • 5,660 sq.ft.
  • 0 acres
$1,250,000
  • property type Commercial
  • class Commercial
  • year built 1900
  • listing office Benchmark Real Estate

Priced below market to ensure a quick and drama free sale; this quality brick 6 unit with separate commercial is located in the heart of Portland's prosperous peninsula. On the corner of Franklin Arterial and Congress the commercial space enjoys tremendous car and foot traffic counts and maximum visibility. The commercial unit has had many uses with its best and maybe a new tenant or owner/user yet to come. Overall this is as good as it gets for walking, biking and living with countless restaurants, shops, boutiques, galleries, theaters and other in close proximity. The building is well maintained and has had many, many updates. The units are generous and enjoy natural light and lots of period charm. Rents are below market so there's lots of upside. Condo conversion would be easy and highly profitable with many similar units in the immediate area selling in the mid $300's and others for much, much more. Tenants pay electric and owner pays heat and hot water off an updated system. In a time of uncertainty this is a tangible and profitable investment / asset that YOU control. It's the ideal addition to your portfolio or the perfect step up from the typical 3-4 unit selling for the same price. You can watch a live tour on our Facebook page. Seller prefers a 30-45 day closing and will not evict tenants pre closing. Call or email listing team with questions.

  • Year Built 1900
  • Lot Size 0 acres
  • County Cumberland
  • City Portland
  • Zone IS-FBC
  • Location Bus Line, Business District, Downtown, Near Airport, Near Shopping, Near Turnpike/Interstate, Public Transport Access, Rail Available
  • Full Tax Amount $6,890.00
  • Tax Year 2019
  • Leases Yes
  • Total Units 7
  • Basement Bulkhead, Full, Unfinished
  • Exterior Brick
  • Foundation Materials Brick/Mortar, Poured Concrete
  • Basement Bulkhead, Full, Unfinished
  • Roof Membrane, Shingle
  • Heat System Hot Water, Multi-Zones, Space Heater
  • Heat Fuel Gas Natural,Oil
  • Gas Natural - On Site
  • Cooling None
  • Electric Circuit Breakers,On Site
  • Water Public
  • Waste Water Disposal Public Sewer
  • Parking No Parking
Listed By:
Benchmark Real Estate