44 Oak StreetPortland, ME 04101MLS Number 1514369

  • Price: $2,495,000
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Federal 30-year interest rate: 3.1% last updated on Nov 24, 2021
* 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.
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44 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 0410144 Oak Street Portland ME 04101
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  • 1914Year Built

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Listed by Benchmark Real Estate
Trophy property at the center of Portland's peninsula offers owner/user,investor or developer limitless opportunity. Called a 'walker's paradise' by WalkScore this location offers immediate access to boutiques,breweries,shops,salons,galleries,grocers and even museums,music venues,monuments and more... This location ensures that any use from commercial to mixed to residential will not only succeed but thrive. The current owners have poured money into this historic property to preserve its past and ensure it meets today's needs/demands. From plumbing,heating and electrical to high-end fit and finish of commercial and office spaces the attention to detail is impressive. What's also impressive is the retained period details from the intricate tin ceilings and trim to the windows on the world plate glass windows. 10-13' ceilings and impressive original construction ensure the structure can live as many lives in the future as it has over the last 100+ years. The property is already set up as condos and is offered 3-ways: 1) all 4 levels = $2.495M,2) basement,ground and 2nd level = $1.750M,3) 3rd level = $750K with each level offering approximately 2,200sf. The desirable B3 zone allows for a host of uses and re-imagination / re-development opportunities. Currently the property is part retail (occupied but no lease - ground level and basement),part private club (occupied with lease - 2nd floor) and part office (vacant - 3rd level). One could easily see the 3rd level being converted to residential (1 or 2 units) for resale and re-capitalization or for a very lucky owner occupant. The current cap rate is 4 and the easily attained is 9. The value proposition and opportunity can't be overstated - at list price and well over this represents one of the very best commercial values in recent memory. shown by appointment only between 10-2 Mon - Fri,w/ 48 hours notice.

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Location Information

  • Building Number44
  • StreetOak Street

Building

  • BasementFinished, Full
  • Office Square Footage4301
  • Retail Square Footage4347
  • Stories4
  • Total Units3
  • Year Built1914
  • Building ConstructionMasonry
  • Building FeaturesElevator Passenger
  • RoofFlat
  • Year Renovated2015

Property Information

  • Property UsesCommercial, Flex, Freestanding Building, Office Building, Retail
  • Zoning OverlayYes

Photos

  • Number of Photos98
  • Last Img Trans Date11/09/2021

Basic Information

  • List Price$2,495,000
  • MAINE1514369
  • Address44 Oak Street
  • Broker NameBenchmark Real Estate
  • Modification Date11/28/2021
  • Agent ID008182
  • Broker ID3059
  • MLS StatusActive
  • Property SubTypeMixed Use

Interior

  • Ceiling Height10
  • FloorsCarpet, Concrete, Laminate, Other, Tile, Wood

Exterior

  • ExteriorBrick

Amenities

  • Other AmenitiesBasement

Other

  • Parking SpacesNo Parking, Off Site, Off Street, On Street, Other Parking

Location

  • StateME
  • TownPortland
  • Zip04101
  • Location
    • Bus Line
    • Downtown
    • Near Airport
    • Near Shopping
    • Near Turnpike/Interstate
    • Public Transport Access
    • Rail Available
  • CountyCumberland
  • Map39
  • Road Frontage121

Property

  • Sq Ft Finished Total8,648
  • Association Fee$1,480
  • Fee FrequencyMonthly
  • Leased LandNo

Utilities

  • Heat SystemHot Air, Multi-Zones
  • Heating FuelGas Natural
  • Waste Water DisposalPublic Sewer
  • WaterPublic
  • CoolingCentral Air
  • ElectricCircuit Breakers
Kimberly Clarke
Kimberly Clarke
3641 White Mountain Hwy
North Conway, NH 03860

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NHMEHOMES.com participates in ©2021 Maine Listings Internet Data Exchange 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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