Three Property Portfolio
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Three Property Portfolio
3 Retail Properties Offered at £1,877,880 in Portland, ME
Investment Highlights
- The portfolio is strategically located off I-295 along a four-way lighted intersection.
Executive Summary
Introducing a rare chance to acquire a three-property portfolio situated on 0.46± AC at 513 Washington Avenue, 14 Veranda Street, & 18 Veranda Street. The portfolio is strategically located off I-295 along a four-way lighted intersection near the future entrance of the new Roux Institute.
The portfolio offers a diverse range of redevelopment opportunities with short-term leases in place to help with the carrying costs.
With Average Annual Daily Traffic counts of 29,080 VPD and approximately 255’ of frontage along Veranda Street, the properties lend themselves well for a residential, hotel, or mixed-use development.
Sale Price: $2,400,000. Seller financing available at a competitive rate. See broker for details.
The portfolio offers a diverse range of redevelopment opportunities with short-term leases in place to help with the carrying costs.
With Average Annual Daily Traffic counts of 29,080 VPD and approximately 255’ of frontage along Veranda Street, the properties lend themselves well for a residential, hotel, or mixed-use development.
Sale Price: $2,400,000. Seller financing available at a competitive rate. See broker for details.
Property Facts
| Price | £1,877,880 | Number of Properties | 3 |
| Price / SF | £255.81 / SF | Individually For Sale | 0 |
| Sale Type | Owner User | Total Building Size | 7,341 SF |
| Status | Active | Total Land Area | 0.46 AC |
| Price | £1,877,880 |
| Price / SF | £255.81 / SF |
| Sale Type | Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 7,341 SF |
| Total Land Area | 0.46 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 14 Veranda St, Portland, ME 04103 | Retail | 4,637 SF | 1910 | - |
| 18 Veranda St, Portland, ME 04103 | Retail | 792 SF | 1940 | - |
| 513 Washington Ave, Portland, ME 04103 | Retail | 1,912 SF | 1929 | - |
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Three Property Portfolio
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