15 Pine Street, Portland, ME 04102

$1,650,000
Property Type: Commercial Square Footage: 3,842 Lot Size (sq. ft.): 6,534 Status: Active
Current Price: $1,650,000 List Date: 12/17/2025 Last Modified: 2/17/2026

Description

A rare and compelling investment opportunity in the heart of Portland's prestigious West End. This stately Federal-style brick building, constructed in 1830, is home to the acclaimed Percy Inn—a six-bedroom bed and breakfast consistently recognized among the best in its class by multiple publications. A purchaser may acquire a fully operational, turn-key hospitality asset, with most furnishings included, allowing for immediate continuity of business. The property's historic grandeur is evident throughout, featuring soaring ceilings, refined period woodwork, grand front entry doors, a dramatic curved staircase, and expansive bedrooms, each with a private en-suite bath. These architectural elements also lend themselves beautifully to conversion back to an elegant single-family residence or luxury compound. Zoned B-1, the property offers exceptional flexibility for a variety of high-end commercial or mixed-use applications. Further enhancing its investment appeal is the adjacent parking lot with approximately 11.5 spaces—a significant and rare asset in this highly sought-after location. An iconic West End offering presenting multiple income-producing and value-enhancement opportunities, blending historic character with long-term investment potential.

Supplements: ********

More Information MLS# 1646807

Location Information

Book: 12892 Leased Land: No Page: 320 Map: 55 Block: E Lot: 17, 44 Zoning Overlay: Yes Tree Growth Y/N: No Association Y/N: No Street #: 15 Street Name: Pine Street Type: Street County: Cumberland Town: Portland State/Province: ME Zip Code: 04102 Zip +4: 3807 Zoning: B-1 Full Tax Amount $: 20088 Tax Year: 25 Geo Lat: 43.652493 Geo Lon: -70.267537

Property Information

Primary Use: Mixed Use Surveyed: Unknown Lot Size Acres +/-: 0.15 Year Renovated +/-: 1 Total # Floors: 0 Year Built: 1900 SqFt Finished Total: 3842

Location

Historic District: 1 Near Shopping: 1

Water Info

Water Frontage: No Water View: No

Property Uses

Bed & Breakfast: 1 Child Care: 1 Church: 1 Commercial: 1 Office Building: 1 Restaurant: 1 Retail: 1

Construction

Masonry: 1

Basement

Full: 1 Unfinished: 1

Foundation Materials

Brick/Mortar: 1 Stone: 1

Exterior

Brick: 1

Roof

Membrane: 1

Heat System

Direct Vent Heater: 1 Space Heater: 1

Heat Fuel

Gas Natural: 1

Cooling

None: 1

Floors

Carpet: 1 Tile: 1 Wood: 1

Parking

1 - 4 Spaces: 1 11 - 20 Spaces: 1 Off Street: 1 Paved: 1

Electric

Circuit Breakers: 1

Gas

Natural - On Site: 1

Sewer

Public Sewer: 1

Water

Public: 1

Contract Information

Status: Active Original List Price: 1650000 List Price: $1,650,000 Current Price: $1,650,000

Property Features

Location: Historic District; Near Shopping Construction: Masonry Property Uses: Bed & Breakfast; Child Care; Church; Commercial; Office Building; Restaurant; Retail Basement: Full; Unfinished Foundation Materials: Brick/Mortar; Stone Exterior: Brick Roof: Membrane Heat System: Direct Vent Heater; Space Heater Heat Fuel: Gas Natural Cooling: None Floors: Carpet; Tile; Wood Parking: 1 - 4 Spaces; 11 - 20 Spaces; Off Street; Paved Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public
Listing Office: Waypoint Brokers Collective
IDX
Last Updated: February - 17 - 2026
Broker Attribution: tyson@waypointbrokers.com

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