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Investment Highlights

  • Adjacent to Portland High School
  • Prime Downtown Location in Portland's walkable, urban, easy access to transit
  • 7-year lease back - 19% IRR

1 Unit Available

Unit 2

Unit Size 1,315 SF
Price $443,378 CAD
Price Per SF $337.17 CAD
Condo Use Retail
Sale Type Investment
Description

Unit 2 is a 1,315± SF, streel level retail space.

Sale Notes

The Dunham Group is pleased to present Unit #2 at 21 Chestnut Street, Portland, a stabilized investment opportunity featuring a long-standing neighborhood retailer. The property is offered at a 10% capitalization rate based on first-year rental income and is secured by a newly executed seven-year lease. Peace Food Market has successfully operated at this location since 2009, demonstrating consistent performance and strong ties to the surrounding community. This offering provides investors with an established tenant and long-term income stability in a desirable Portland location.

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Property Facts

The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 36,198 SF
Property Type Multifamily (Condo)
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Building Class B
Floors 6
Typical Floor Size 5,309 SF
Year Built 1955
Lot Size 0.46 AC
Parking Ratio 0.47/1,000 SF
Opportunity Zone Yes
Zoning 11
Exceptionally walkable
100/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
60/100

Major Tenant Information Click Here to Access

TENANT SF Occupied LEASE END DATE
Peace Food Market - Jan 0000
  • Listing ID: 39066887

  • Date on Market: 2026-01-13

  • Last Updated:

  • Address: 21 Chestnut St, Portland, ME 04101

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