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1955-1967 Congress St 0.33 - 0.37 Acre Commercial Land Lots Offered at $650,000 - $650,000 Per Lot in Portland, ME 04102
Investment Highlights
- Exceptional location with heavy traffic
- Alongside bus stop
- Minutes to airport, shopping and more
- Multiple development and income producing possibilities
Executive Summary
Rare Development Opportunity – Congress Street | Portland, Maine - Seconds from the Airport
Don’t miss this unique development opportunity on highly traveled Congress Street, just seconds from Portland International Jetport, Maine Mall, Unum, major medical facilities, and downtown Portland.
This offering includes two contiguous lots totaling approximately 0.7± acres, with zoning with the possibility that allows for multiple development possibilities.
Property lines in pictures are approximations as a guide. Actual property lines should be confirmed.
Property lines in photos are estimates
Property Highlights:
Prime Congress Street frontage
Potential secondary egress onto road in rear of property
Three existing curb cuts/driveway entrances
Existing income in possible with rental units on both ends of the property
Two garages on site
Flexible site layout ideal for infill development
Development Concepts (Examples):
Retain existing houses for income, remove garages, and develop a medical building, dental office, or professional services building in the center
Mixed-use configuration
Owner-user with income offsets
Phased development approach
Existing rentals could potentially carry a significant portion of the mortgage, reducing holding costs during development.
Investment Structure Flexibility:
Discounted pricing for purchase of both lots together
Potential for individual lot sale
Seller financing available
Seller open to development partnership
This is a rare infill opportunity in a high-demand commercial corridor with existing income, multiple access points, flexible zoning, and proximity to Portland’s strongest employment and retail drivers.
Has a few potential rentals on the ends of the property and has 2 garages etc1 possibility would be keep the houses and tear down garages and put a medical building or dental office in the center. Houses would pay for the mortgage on the property depending. Discounted for sale of 2 lots. 1 lot could possibly be purchased on its own.
Seller financing available. Willing to possibly partner on development.
Don’t miss this unique development opportunity on highly traveled Congress Street, just seconds from Portland International Jetport, Maine Mall, Unum, major medical facilities, and downtown Portland.
This offering includes two contiguous lots totaling approximately 0.7± acres, with zoning with the possibility that allows for multiple development possibilities.
Property lines in pictures are approximations as a guide. Actual property lines should be confirmed.
Property lines in photos are estimates
Property Highlights:
Prime Congress Street frontage
Potential secondary egress onto road in rear of property
Three existing curb cuts/driveway entrances
Existing income in possible with rental units on both ends of the property
Two garages on site
Flexible site layout ideal for infill development
Development Concepts (Examples):
Retain existing houses for income, remove garages, and develop a medical building, dental office, or professional services building in the center
Mixed-use configuration
Owner-user with income offsets
Phased development approach
Existing rentals could potentially carry a significant portion of the mortgage, reducing holding costs during development.
Investment Structure Flexibility:
Discounted pricing for purchase of both lots together
Potential for individual lot sale
Seller financing available
Seller open to development partnership
This is a rare infill opportunity in a high-demand commercial corridor with existing income, multiple access points, flexible zoning, and proximity to Portland’s strongest employment and retail drivers.
Has a few potential rentals on the ends of the property and has 2 garages etc1 possibility would be keep the houses and tear down garages and put a medical building or dental office in the center. Houses would pay for the mortgage on the property depending. Discounted for sale of 2 lots. 1 lot could possibly be purchased on its own.
Seller financing available. Willing to possibly partner on development.
Property Facts
| Price | $650,000 - $1,300,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 2 | Total Lot Size | 0.70 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | R-P | ||
| Price | $650,000 - $1,300,000 |
| Sale Type | Investment |
| No. Lots | 2 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.70 AC |
| No. Stories | 1 |
| Zoning | R-P |
2 Lots Available
Lot 1967
| Price | $650,000 | Lot Size | 0.37 AC |
| Price Per AC | $1,756,756.76 |
| Price | $650,000 |
| Price Per AC | $1,756,756.76 |
| Lot Size | 0.37 AC |
Dual-Lot Development Opportunity — Seconds from PWM A Two lots totaling .7+/- acres with possible zoning that allows for multiple development possibilities. Commision offered for agent transaction broker who brings buyer and completes transaction.
Lot 1955
| Price | $650,000 | Lot Size | 0.33 AC |
| Price Per AC | $1,969,696.97 |
| Price | $650,000 |
| Price Per AC | $1,969,696.97 |
| Lot Size | 0.33 AC |
REDUCED! Two lots totaling .7+/- acres with zoning that possibly allows for multiple development possibilities. Currently has multiple rentals and 2 garages. Possibility to sell one lot on its own. Partnership possibilities!
Description
Two lots totaling .7+/- acres with zoning that allows for possible multiple development possibilities.
Property Taxes
| Parcel Numbers | Improvements Assessment | $347,800 | |
| Land Assessment | $169,700 | Total Assessment | $517,500 |
Property Taxes
Parcel Numbers
Land Assessment
$169,700
Improvements Assessment
$347,800
Total Assessment
$517,500
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Presented by
Jeff Maietta
1955-1967 Congress St
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