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21 Chestnut St 1,315 SF Retail Condo Unit Offered at $325,000 in Portland, ME 04101
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
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| 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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 2 | 1,315 SF | Retail | $325,000 ($247.15/SF) | - |
Unit 2
| Unit Size |
| 1,315 SF |
| Condo Use |
| Retail |
| Price |
| $325,000 ($247.15/SF) |
| NOI |
| - |
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Unit 2
| Unit Size | 1,315 SF |
| Condo Use | Retail |
| Price | $325,000 ($247.15/SF) |
| NOI | - |
| Sale Type | Investment |
| Description | |
| Unit 2 is a 1,315± SF, streel level retail space.</li></ul> | |
| 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.</li></ul> |
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.
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
|
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
