547 Congress StPortland, ME 04101

This exceptional investment opportunity presents two fully leased retail condominiums located at 547 Congress Street in Portland, Maine. The property, encompassing 3,059 square feet across two units, boasts a 6.00% cap rate and 100% occupancy. Each unit, situated within a three-story building constructed in 1875 and renovated in 2018, benefits from designated basement storage. The 1,477± square foot unit is leased to Regards, and the 1,582± square foot unit is leased to Benny's. The property features a desirable location in downtown Portland, offering a walk score of 97, making it an ideal location for businesses and residents alike. The property is zoned B3 and has a remaining lease term of 5 years under a NNN lease structure. The asking price is $1,300,000, presenting a compelling 1031 exchange opportunity. The property's address is 547 Congress Street, Portland, ME 04101, and its APN is Map 37, Block C01701, Lot 1A. This is a single-tenancy property with two units in one building.