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Listed by Sylas Hatch The Dunham Group
$325,000
Est. payment /mo
1,315 SqFt
Active
21 Chestnut ST #2 Portland, ME 04101
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Key Details
Property Type Commercial
Sub Type General Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,315 sqft
Price per Sqft $247
MLS Listing ID 1656614
HOA Y/N No
Year Built 2007
Tax Year 2024
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type General Commercial
Source Maine Listings
Land Area 1315
Property Description
We are 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.
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.
Location
State ME
County Cumberland
Zoning B-3
Building
Lot Description Business District
Others
Tax ID PTLD-000027-C000010-000002
Nearby Locations
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