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14 & 18 Veranda Street, Portland ME 2 Retail Properties Offered at $1,967,671 CAD in Portland, ME
Investment Highlights
- 14 Veranda Street - retail restaurant with apartment above
- Income-producing portfolio - properties can be purchased separately
- 18 Veranda Street - freestanding retail
Executive Summary
14 Veranda Street consists of a 4,637± SF mixed-use building with ground-floor restaurant space and a newly remodeled second floor two-bedroom residential apartment
18 Veranda Street features a 792± SF freestanding retail building currently operated as an ice cream stand (Beal’s Old Fashioned Ice Cream)
Strong live-work play dynamics with restaurant, residential, and retail users clustered together in a walkable, commuter friendly location near the future entrance of The Roux Institute at Northeastern University
Excellent exposure to commuter, neighborhood, and destination traffic via the I-295 Veranda Street interchange and high-traffic Washington Avenue corridor (26,150± ADT)
Flexible exit strategy: hold as an income-producing portfolio, reposition either building for owner-occupancy, or sell individually over time. Each property can be purchased separately
Sale Price: $935,000 | 14 Veranda Street
Sale Price: $480,000 | 18 Veranda Street
18 Veranda Street features a 792± SF freestanding retail building currently operated as an ice cream stand (Beal’s Old Fashioned Ice Cream)
Strong live-work play dynamics with restaurant, residential, and retail users clustered together in a walkable, commuter friendly location near the future entrance of The Roux Institute at Northeastern University
Excellent exposure to commuter, neighborhood, and destination traffic via the I-295 Veranda Street interchange and high-traffic Washington Avenue corridor (26,150± ADT)
Flexible exit strategy: hold as an income-producing portfolio, reposition either building for owner-occupancy, or sell individually over time. Each property can be purchased separately
Sale Price: $935,000 | 14 Veranda Street
Sale Price: $480,000 | 18 Veranda Street
Property Facts
| Price | $1,967,671 CAD | Number of Properties | 2 |
| Price / SF | $362.44 CAD / SF | Individually For Sale | 0 |
| Sale Type | Owner User | Total Building Size | 5,429 SF |
| Status | Active | Total Land Area | 0.26 AC |
| Price | $1,967,671 CAD |
| Price / SF | $362.44 CAD / SF |
| Sale Type | Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 5,429 SF |
| Total Land Area | 0.26 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 14 Veranda St, Portland, ME 04103 | Retail | 4,637 SF | 1910 | - |
| 18 Veranda St, Portland, ME 04103 | Retail | 792 SF | 1940 | - |
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14 & 18 Veranda Street, Portland ME
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