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496-498 Congress St 16,380 SF 100% Leased Retail Building Portland, ME 04101 $2,165,000 ($132.17/SF)
Executive Summary
16,380± SF MIXED-USE BUILDING
•Rare on-peninsula historic redevelopment opportunity
•Fully leased first floor retail with national and local tenants
•Office use on upper floors with tenant on third and fourth floor
•High visibility on Congress Street and located in the heart of downtown
•Rare on-peninsula historic redevelopment opportunity
•Fully leased first floor retail with national and local tenants
•Office use on upper floors with tenant on third and fourth floor
•High visibility on Congress Street and located in the heart of downtown
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,380 SF
Building Class
C
Year Built
1885
Price
$2,165,000
Price Per SF
$132.17
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
5.01
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
B-3
Frontage
58’ on Congress St
Exceptionally walkable
100/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | PTLD-000037-000000-I001001 | Improvements Assessment | $1,303,100 |
| Land Assessment | $387,800 | Total Assessment | $1,690,900 |
Property Taxes
Parcel Number
PTLD-000037-000000-I001001
Land Assessment
$387,800
Improvements Assessment
$1,303,100
Total Assessment
$1,690,900
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496-498 Congress St
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