1004 Congress StPortland, ME 04102

Property Details for 1004 Congress St

Year built

1931

Lot size

0.28 AC

Property size (Sq ft)

7,740 SF

Property type

Retail properties

Property subtype

Retail space

APN

PTLD M:076 B:A023001

APU

PTLDM076BA023001

Description

This exceptional 6,204 square foot free-standing building at 1004 Congress Street in Portland, Maine offers a unique opportunity for a single tenant. The property is classified as retail and industrial, specifically a flex, warehouse, and distribution space. Its versatile design makes it suitable for a variety of uses. The building features one convenient drive-in door for easy loading and unloading of goods. Ample parking is available on-site, with paved space accommodating approximately 25 vehicles. Located in Cumberland County, this property boasts a prime Portland address, offering excellent accessibility and visibility. The building's single-tenant occupancy ensures privacy and control over the entire space. This is an ideal location for businesses requiring both warehouse and showroom capabilities, providing a seamless blend of storage and display areas. The property's size and features make it a highly attractive option for companies seeking a functional and well-situated space to support their operations. The address is 1004 Congress Street, Portland, ME 04102.

• CAP approach

  CAP return

  Valuation

  6%

  $1,881,090

  6.5%

  $1,736,391

  7%

  $1,612,363

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,548,497

  Geo Method

  $2,548,497

• Alternative Use

  Use

  Valuation

  Residential

  $1,464,711

  Hospitality

  $1,341,667

  Educational

  $1,116,251

  Medical

  $1,154,641

  Retail

  $1,736,391

Location Insight

City

Portland

County

Cumberland

State

Maine

Latitude

43.6532

Longitude

-70.2817

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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