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21 Chestnut St 1,315 SF Retail Condo Unit Offered at $325,000 in Portland, ME 04101

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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

Property Facts

Total Building Size	36,198 SF	Typical Floor Size	5,309 SF
Property Type	Multifamily (Condo)	Year Built	1955
Property Subtype	Apartment General Retail Storefront Retail/Residential	Lot Size	0.46 AC
Building Class	B	Parking Ratio	0.47/1,000 SF
Floors	6	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	11

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 State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	11

1 Unit Available

Unit 2

Unit Size	1,315 SF	Condo Use	Retail
Price	$325,000	Sale Type	Investment
Price Per SF	$247.15

Unit Size	1,315 SF
Price	$325,000
Price Per SF	$247.15
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.