Bought with Non MREIS Agency
$550,000
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181 Congress ST Portland, ME 04101
2,448 SqFt
Key Details
Sold Price $550,000
Property Type Commercial Sale
Sub Type Retail
Listing Status Sold
Square Footage 2,448 sqft
MLS Listing ID 1510693
Sold Date 12/06/21
HOA Y/N No
Year Built 1915
Annual Tax Amount $3,273
Tax Year 2020
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Retail
Source Maine Listings
Land Area 2448
Property Description
Own a bit of history and make your own. 181 Congress has had many lives over its 100+ year history from Munjoy Hill Market to Katie Made Bakery and many in between. Originally a multi-family with ground level commercial, the current structure houses an established bakery and cafe. At a combined 2,448sf (basement and ground level) there is plenty of space for a variety of uses. Since the ground level appears to always have been commercial/retail the space is open and could easily be modified for many uses. The current structure is in remarkably good and structurally sound condition and the original tin ceilings are perfectly preserved. The desirable B1 zoning allows for many uses and expansion / re-imagination. With ground level retail this zone allows a height of 50' and all residential or a mix of residential and commercial uses. Bring your dreams and prepare to be charmed by this East End Gem. ONLY SHOWINGS - Mon. 10/4, Tue. 10/5 & Wed. 10/5 12:00-2:00. Offers due Thur. 10/6 by 3PM. Parking area is currently being utilized for outdoor seating. We ask that you respect the tenant and DO NOT visit the property (outside of the allotted days/times). Business is not for sale. Tenant pays all utilities and $2,000pm in a modified gross lease that runs until 2/1/2022. Tenant is interested in a longer term lease depending on the terms - to be negotiated post purchase. Seller prefers a quick closing and offers that protect the tenant.
Location
State ME
County Cumberland
Zoning B-1
Rooms
Basement Full, Unfinished
Interior
Interior Features Storage
Heating Direct Vent Heater
Cooling None
Flooring Vinyl
Exterior
Parking Features 1 - 4 Spaces, On Site, Paved, Off Street
Utilities Available 1
View Y/N No
Roof Type Shingle
Building
Lot Description Public Transport Access, Near Turnpike/Interstate, Near Airport, Near Shopping
Story 2
Sewer Public Sewer
Water Public
Structure Type Vertical Siding,Concrete,Brick,Masonry,Wood Frame
Others
Restrictions Unknown
Energy Description Gas Natural
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