SQUARE FEET1,315
MLS#1656614
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
We are pleased to present Unit #2 at 21 Chestnut Street, Portland, a stabilizedinvestment 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, demonstratingconsistent 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.
Property Features
Property Type: Commercial - Business
Lot Size: 0.11 Acres
Taxes: $3,506
Year Built: 2007
Feature Descriptions
Lot: Business District
Listed By / Shown By
Listed By
Agency Name: The Dunham Group
Agency Phone: 207-773-7100
Agent Name: Sylas Hatch
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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21 Chestnut Street, Unit 2 | MLS# 1656614
This commercial property located at 21 Chestnut Street, Unit 2, Portland, ME 04101 is currently listed for sale with an asking price of $325,000. Search Portland real estate on www.masiellogrouprealestate.com today.