24 Preble Street, Portland, ME 04101

$2,175,000

Property Type: Commercial Square Footage: 15,840 Lot Size (sq. ft.): 3,920 Status: Closed

Current Price: $2,175,000 List Date: 6/25/2021 Last Modified: 1/08/2025

Overview

Description

Extremely well maintained and much improved downtown mixed use building. Four floors throughout, 3 floors of fully-tenanted office space with a vacant 2800 square foot bar / tavern on the first floor. Previously occupied by Arcadia. Improvements include fire suppression system, a new internal rear staircase and significant tenant improvements. Grand brick building in the Downtown Entertainment Overlay Zone adjacent to the multi-million dollar luxury renovation at the Time & Temp Building. Call for details or to set up a showing.

Listing Details MLS# 1498016

Location Information

Street #: 24
Street Name: Preble
Street Type: Street
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Zip +4: 4901
Leased Land: No
Book: 33029
Page: 019
Map: 37
Block: F
Lot: 7
Zoning: B3
Zoning Overlay: Yes
Full Tax Amount $: 30897
Tax Year: 2021
Association Y/N: No

Contract Information

Original List Price: 2500000

Property Information

Primary Use: General Commercial
Surveyed: No
Deed/Conveyance Type Offered: Warranty
Deed: All
Year Built: 1900
Tenancy: Multiple Tenants
Leases: Yes
Total # Floors: 4
SqFt Finished Total: 15840
Lot Size Acres +/-: 0.09

Status Change Info

Pending Date: 2021-09-24
Closed Date: 2022-02-10
Closed Price: 2175000

Commercial Bldg Information

Ceiling Height +/-: 12
Office SqFt +/-: 16000
Total Units: 4

Utilities

Utilities On: Yes

More Information

Sold Info

Appraiser Email Address: brian.harris@cushwake.com

Location

Business District: Yes
Downtown: Yes
Public Transport Access: Yes

Property Uses

Bar/Tavern/Lounge: Yes
Freestanding Building: Yes
Office Building: Yes

Construction

Steel Frame: Yes

Basement

Full: Yes
Unfinished: Yes

Foundation Materials

Brick/Mortar: Yes

Exterior

Brick: Yes

Roof

Membrane: Yes

Heat System

Hot Air: Yes

Heat Fuel

Gas Natural: Yes

Cooling

Central Air: Yes

Floors

Carpet: Yes
Tile: Yes
Wood: Yes

Accessibilitiy Amenities

Elevator/Chair Lift: Yes
Ramped Main Level: Yes

Building Features

Elevator Passenger: Yes
Fire System: Yes
Internet Access Available: Yes
Security System: Yes
Sprinkler - Wet: Yes
Storage: Yes

Parking

Off Site: Yes

Electric

Circuit Breakers: Yes
On Site: Yes

Gas

Natural - On Site: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Property Features

Location: Business District; Downtown; Public Transport Access Construction: Steel Frame Property Uses: Bar/Tavern/Lounge; Freestanding Building; Office Building Basement: Full; Unfinished Foundation Materials: Brick/Mortar Exterior: Brick Roof: Membrane Heat System: Hot Air Heat Fuel: Gas Natural Cooling: Central Air Floors: Carpet; Tile; Wood Building Features: Elevator Passenger; Fire System; Internet Access Available; Security System; Sprinkler - Wet; Storage Parking: Off Site Electric: Circuit Breakers; On Site Gas: Natural - On Site Sewer: Public Sewer Water: Public

IDX

Listing Office: Keller Williams Realty

Selling Office: Malone Commercial Brokers, Inc.

Last Updated: January - 08 - 2025

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.