540 Congress Street, Portland, ME 04101

$2,975,000

540 Congress Proposed Second Floor Plan-

Property Type: Commercial Square Footage: 28,877 Lot Size (sq. ft.): 25,265 Status: Active

Current Price: $2,975,000 List Date: 7/10/2025 Last Modified: 4/04/2026

Overview

Description

Mixed-use building with Art Deco style construction in the heart of downtown Portland. Prominent visibility w/ frontage on both Congress Street & Free Street. 1st Floor condominium built out as 25,800± SF of climate-controlled retail space, supported by approximately 1,800± SF of warehouse space, & approximately 1,200± SF of office space. 2nd Floor space built out with four (4) leased residential condominiums, accessible via stairwell on Congress Street. Value-add component through upstairs residential condominiums & new owner's ability to build more units (see broker).

Listing Details MLS# 1629898

Location Information

Street #: 540
Street Name: Congress
Street Type: Street
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04101
Leased Land: No
Book: 31174
Page: 311
Map: 037
Lot: H002005
Zoning: B-3
Zoning Overlay: Unknown
Full Tax Amount $: 64077
Tax Year: 2024
Tree Growth Y/N: No
Association Y/N: No

Contract Information

Original List Price: 4295000

Property Information

Primary Use: General Commercial
Surveyed: Unknown
Year Built: 1942
Year Renovated +/-: 2011
Tenancy: Multiple Tenants
Total # Floors: 2
SqFt Finished Total: 28877
Lot Size Acres +/-: 0.58

Commercial Bldg Information

Office SqFt +/-: 1200
Retail SqFt: 25800
Warehouse SqFt: 1800

Water Info

Water Frontage: No

Utilities

Utilities On: Yes

More Information

Location

Business District: Yes
Downtown: Yes
Near Airport: Yes
Near Shopping: Yes
Near Turnpike/Interstate: Yes
Public Transport Access: Yes

Property Uses

Commercial: Yes
Other: Yes
Retail: Yes

Construction

Masonry: Yes

Exterior

Brick: Yes

Roof

Membrane: Yes

Heat Fuel

Gas Natural: Yes

Parking

Other Parking: Yes
On Street: Yes
Paved: Yes

Gas

Unknown: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Property Features

Location: Business District; Downtown; Near Airport; Near Shopping; Near Turnpike/Interstate; Public Transport Access Construction: Masonry Property Uses: Commercial; Other; Retail Exterior: Brick Roof: Membrane Heat Fuel: Gas Natural Parking: On Street; Other Parking; Paved Gas: Unknown Sewer: Public Sewer Water: Public

Documents

Property Disclosure Public Access ›

IDX

Listing Office: The Boulos Company

Last Updated: April - 04 - 2026

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