316 & 316A Congress StreetPortland, ME 04101MLS Number 1447540

  • Price: $1,250,000
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Federal 30-year interest rate: 3.5% last updated on Mar 26, 2020
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101316 & 316A Congress Street Portland ME 04101
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  • 0.06Acreage
  • 1900Year Built
  • 2,019Tax Year
  • ActiveListing Status

Priced below market to ensure a quick and drama free sale; this quality brick 6 unit with separate commercial is located in the heart of Portland's prosperous peninsula. On the corner of Franklin Arterial and Congress the commercial space enjoys tremendous car and foot traffic counts and maximum visibility. The commercial unit has had many uses with its best and maybe a new tenant or owner/user yet to come. Overall this is as good as it gets for walking, biking and living with countless restaurants, shops, boutiques, galleries, theaters and other in close proximity. The building is well maintained and has had many, many updates. The units are generous and enjoy natural light and lots of period charm. Rents are below market so there's lots of upside. Condo conversion would be easy and highly profitable with many similar units in the immediate area selling in the mid $300's and others for much, much more. Tenants pay electric and owner pays heat and hot water off an updated system. In a time of uncertainty this is a tangible and profitable investment / asset that YOU control. It's the ideal addition to your portfolio or the perfect step up from the typical 3-4 unit selling for the same price. You can watch a live tour on our Facebook page. Seller prefers a 30-45 day closing and will not evict tenants pre closing. Call or email listing team with questions.

Listed by Benchmark Real Estate

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The Swan Agency Sotheby's International Realty in Bar Harbor
The Swan Agency Sotheby's International Realty in Bar Harbor
43 Cottage St
PO Box 46
Bar Harbor,, ME 04609

More Info

Location Information

  • Building Number316 & 316A
  • StreetCongress Street

Building

  • BasementBulkhead, Full, Unfinished
  • Office Square Footage384
  • Total Units7
  • Year Built1900
  • FoundationBrick/Mortar, Poured Concrete
  • RoofMembrane, Shingle

Exterior

  • ExteriorBrick

Property Information

  • Property UsesOther, Retail
  • Zoning OverlayNo

Photos

  • Number of Photos49
  • Last Img Trans Date03/18/2020

Tax Information

  • Tax Year2,019

Location

  • StateME
  • TownPortland
  • Zip04101
  • Location
    • Bus Line
    • Business District
    • Downtown
    • Near Airport
    • Near Shopping
    • Near Turnpike/Interstate
    • Public Transport Access
    • Rail Available
  • CountyCumberland
  • Map28

Interior

  • FloorsCarpet, Laminate, Wood

Utilities

  • Heat SystemHot Water, Multi-Zones, Space Heater
  • Heating FuelGas Natural, Oil
  • Waste Water DisposalPublic Sewer
  • WaterPublic
  • CoolingNone
  • ElectricCircuit Breakers, On Site
  • GasNatural - On Site

Basic Information

  • List Price$1,250,000
  • MLS Number1447540
  • Address316 & 316A Congress Street
  • Broker NameBenchmark Real Estate
  • Modification Date03/21/2020
  • Agent ID008182
  • Broker ID3059
  • Listing StatusActive

Property

  • Acreage0.06
  • Sq Ft Finished Total5660
  • Leased LandNo

Other

  • Parking SpacesNo Parking
  • View Count1

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2020 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

The Swan Agency Sotheby's International Realty participates in MREIS' Maine Internet Data Exchange (Maine IDX) program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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