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743 Congress St 5,385 SF 100% Leased Retail Building Portland, ME 04102 $2,204,909 CAD ($409.45 CAD/SF) 6.78% Cap Rate
EXECUTIVE SUMMARY
Rare opportunity to purchase this 10 unit mixed use investment property that was designed by the renowned architect “John Calvin Stevens” This property is in impeccable condition and offers under market street level retail + 9 units upstairs (3) 1 bedrooms + (3) studios & (3) rooms. When you walk into this trophy property you will notice the over the top detail giving you a pride of ownership! This building is minutes to the West End, Maine Health, Old Port and fabulous coffee shops and world class restaurants + bars! This easy to manage property would be a nice addition to an investors portfolio or great entry level investment as well!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,385 SF
Building Class
C
Year Built
1900
Price
$2,204,909 CAD
Price Per SF
$409.45 CAD
Cap Rate
6.78%
NOI
$149,493 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.37
Lot Size
0.09 AC
Zoning
B2
Frontage
67’ on Congress St
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (96)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | PTLD-000047-000000-A021001 | Improvements Assessment | $750,206 CAD |
| Land Assessment | $289,446 CAD | Total Assessment | $1,039,652 CAD |
PROPERTY TAXES
Parcel Number
PTLD-000047-000000-A021001
Land Assessment
$289,446 CAD
Improvements Assessment
$750,206 CAD
Total Assessment
$1,039,652 CAD
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743 Congress St
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