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540 Congress St
Portland, ME 04101
Multifamily Property For Sale
·
4 Units
EXECUTIVE SUMMARY
Mixed-use building with Art Deco style construction in the heart of downtown Portland.
Prominent visibility w/ frontage on both Congress Street & Free Street.
1st Floor condominium built out as 25,800± SF of climate-controlled retail space, supported by approximately 1,800± SF of warehouse space, & approximately 1,200± SF of office space.
2nd Floor space built out with four (4) leased residential condominiums, accessible via stairwell on Congress Street.
Value-add component through upstairs residential condominiums & new owner’s ability to build more units (see broker).
Prominent visibility w/ frontage on both Congress Street & Free Street.
1st Floor condominium built out as 25,800± SF of climate-controlled retail space, supported by approximately 1,800± SF of warehouse space, & approximately 1,200± SF of office space.
2nd Floor space built out with four (4) leased residential condominiums, accessible via stairwell on Congress Street.
Value-add component through upstairs residential condominiums & new owner’s ability to build more units (see broker).
PROPERTY FACTS
| Price Per Unit | $1,487,047 CAD | Building Class | C |
| Sale Type | Owner User | Lot Size | 0.59 AC |
| No. Units | 4 | Building Size | 30,877 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1942 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | B3 - Downtown Business | ||
| Price Per Unit | $1,487,047 CAD |
| Sale Type | Owner User |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 30,877 SF |
| No. Stories | 2 |
| Year Built | 1942 |
| Opportunity Zone |
Yes |
| Zoning | B3 - Downtown Business |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Tub/Shower
SITE AMENITIES
- On-Site Retail
- Smoke Detector
PROPERTY TAXES
| Parcel Number | PTLD-000037-000000-H002001 | Improvements Assessment | $2,382,804 CAD |
| Land Assessment | $595,630 CAD | Total Assessment | $2,978,434 CAD |
PROPERTY TAXES
Parcel Number
PTLD-000037-000000-H002001
Land Assessment
$595,630 CAD
Improvements Assessment
$2,382,804 CAD
Total Assessment
$2,978,434 CAD
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