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69 Newbury St 4,438 SF 100% Leased Retail Building Portland, ME 04101 $2,250,000 ($506.99/SF)
Investment Highlights
- Mixed-Use Building (Residential & Commercial)
- Fully Renovated & Turnkey
- Premier East End Location
Executive Summary
Turnkey mixed use investment opportunity in Portland's highly sought after East End. This four unit property features three residential apartments and one commercial space, making it an exceptional opportunity for investors or owner-occupants seeking strong rental income. The residential units include a completely renovated 2 bedroom, 1 bathroom apartment with a bonus room, a 2 bedroom, 1 bathroom apartment, and a renovated 3 bedroom, 2 bathroom apartment. Extensive capital improvements include a new roof (2023), new siding, new windows, three new heat pumps, updated plumbing and electrical systems, renovated kitchens and bathrooms, and substantial improvements to the commercial space. Just steps from the Eastern Promenade, East End Beach, the Old Port, Portland's waterfront, and countless restaurants, breweries, coffee shops, and local shops. This is a rare opportunity to own a fully renovated mixed use property in one of Maine's most desirable neighborhoods. Showings by appointment only. Please allow a minimum of 48 hours' notice. Please see the attached list of capital improvements for a summary of recent renovations and upgrades.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,438 SF
Building Class
C
Year Built
1905
Price
$2,250,000
Price Per SF
$506.99
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.55
Lot Size
0.04 AC
Zoning
IS-FBS - India Street Form-Based Code
Frontage
31’ on Newbury St
Amenities
- Signage
Exceptionally walkable
90/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | PTLD-000020-000000-B004001 | Improvements Assessment | $630,900 |
| Land Assessment | $407,400 | Total Assessment | $1,038,300 |
Property Taxes
Parcel Number
PTLD-000020-000000-B004001
Land Assessment
$407,400
Improvements Assessment
$630,900
Total Assessment
$1,038,300
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Contact the Sale Advisor
69 Newbury St