597 Main Street,South Portland, ME 04106
South Portland, ME 04106
Description
Exceptional Mixed-Use Investment Opportunity in South Portland Rare opportunity to acquire a well-maintained, income-producing mixed-use property in a highly visible Main Street location. This versatile three-unit building offers a diversified income stream with a gross annual income of $70,800, anchored by an established medical office occupying the entire first floor, providing the benefit of stable commercial tenancy. The two residential units above provide additional rental income and strong tenant appeal. Each residential unit features its own washer and dryer, while tenants are responsible for their own heat and electricity -- helping reduce owner expenses and maximize net operating income. Meticulously cared for and truly turnkey, the property offers desirable amenities including off-street parking for up to three residential vehicles, additional on-street parking for tenants, clients, and guests, and convenient access to public transportation. Ideally positioned along South Portland's Main Street corridor, this property is close to local businesses, shopping, dining, downtown Portland, major commuter routes, and area amenities. With proven rental history, strong tenant demand, diversified commercial and residential income, and excellent visibility, this is a rare opportunity to own a stable, cash-flowing investment property in one of Southern Maine's most desirable markets.
Details
| MLS # | 1665990 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 136 |
| Listing Provided By | Dream Home Realty LLC | Patricia Gallant |
Features
| Bath(s) | 3 Total |
|---|---|
| SQ Feet | 3,630 |
| Basement | Y |
| Story(s) | 3 |
| Units | 3 |
| Zoning | LB |
| Acreage | 0.16 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Heat Pump |
| Laundry Features | Main Level, Upper Level |
| Furnished | Unfurnished |
| Amenities Co Amenities | Main Level, Upper Level |
Exterior
| Roof | Shingle |
|---|---|
| Foundation Details | Poured Concrete, Brick/Mortar |
| Lot Features | Business District, Near Shopping, Near Turnpike/Interstate, Near Town, Corner Lot, Level, Sidewalks, Landscaped |
| Construction Materials | Wood Frame, Vinyl Siding |
| Patio And Porch Features | Porch |
| Window Features | Double Pane Windows |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Common, Paved, 1 - 4 Spaces, Assigned, Off Street, On Street |
Utilities
| Sewer | Public Sewer |
|---|---|
| Electric | Circuit Breakers |
Taxes
| Tax Annual Amount | 9062 |
|---|---|
| Tax Book Number | 39746 |
| Tax Year | 2025 |
| Tax Lot | 272 |
| Tax Map Number | 53 |
Area Information
| State | ME |
|---|---|
| County | Cumberland |
| City | South Portland |
| Zip Code | 04106 |
| Area | Cumberland |
| Listing VS Median (in 04106) | |
Price: $849,000 low | high Med: $599,950 sqft: 3,630 low | high Med: 2,217 $ / sqft: $234 low | high Med: $330 On site: 136 low | high Med: 121.5 | |
Market Activity 04106
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Learn More About This Property
| State | ME |
|---|---|
| County | Cumberland |
| City | South Portland |
| Zip Code | 04106 |
| Area | Cumberland |
| Listing VS Median (in 04106) | |
Price: $849,000 low | high Med: $599,950 sqft: 3,630 low | high Med: 2,217 $ / sqft: $234 low | high Med: $330 On site: 136 low | high Med: 121.5 | |
