65-67 Portland Street, Portland, ME 04101

$1,250,000
Property Type: Multi-Family Baths: 6 Square Footage: 6,130 Lot Size (sq. ft.): 34,848 Status: Closed
Current Price: $1,250,000 List Date: 1/04/2021 Last Modified: 1/06/2025

Description

This stately mixed 3 unit sits at the gateway to Portland and at the doorstep of its renascence. It is no secret that this location will be home to the next boom. Savvy investors know to 'get-in' on the ground floor long before an area like this really take off. 65-67 Portland Street is packed with potential and steeped in a rich past. For 30 years it has been home to one of Maine's most iconic restaurants - Back Bay Grill. More recently the current owners have preserved and updated the entire building. They have honored the historic past while bringing all systems and surfaces up to modern standards. Restaurant is on the ground level with generous bar, full kitchen, spacious dining area, lovely tin ceilings, 2 baths and more. The upper levels house two, 3 bedroom condo-ready apartments with generous floor plans, abundant light and views of Back Cove and beyond. Parking for 4+ and great Air-B&B numbers. Buy & begin your dream.

Supplements: ********

More Information MLS# 1476070

Location Information

Book: 19315* Leased Land: No Page: 125* Map: 33 Block: A Lot: 125 Zoning Overlay: Unknown Association: Yes Association Fee: 975 Fee Frequency Paid: Monthly Street #: 65-67 Street Name: Portland Street Type: Street County: Cumberland Town: Portland State/Province: ME Zip Code: 04101 Zoning: B2B Neighborhood Association: West Bayside Full Tax Amount $: 17196 Tax Year: 2019 Geo Lat: 43.658118 Geo Lon: -70.264905

Property Information

Surveyed: Unknown Seasonal: No Number of Units: 3 Lot Size Acres +/-: 0.8 Total Baths: 6 Total Half Baths: 2 Color: Brick Road Frontage: No SqFt Finished Above Grade: 6130 SqFt Finished Below Grade: 0 SqFt Source: Public Records Garage: No Garage Spaces: 0 Total Full Baths: 4 Year Built: 1900 SqFt Finished Total: 6130 Source of Acreage: Public Records

Site

Corner Lot: 1 Level: 1 Open: 1 Sidewalks: 1 Well Landscaped: 1

Location

Intown: 1 Near Country Club: 1 Near Golf Course: 1 Near Public Beach: 1 Near Railroad: 1 Near Shopping: 1 Near Town: 1 Near Turnpike/Interstate: 1

Roads

Paved: 1 Public: 1

Transportation

Major Road Access: 1 Near Airport: 1 Public Transport Access: 1

Water Info

Water Frontage: No Water View: Yes Water Body Name: Back Cove

Water Body Type

Cove: 1

Recreational Water

Nearby: 1 Public: 1

Style

Mansard: 1 Other: 1

Construction

Masonry: 1

Structure Type

Townhouse: 1

Basement

Full: 1 Unfinished: 1

View

Mountain(s): 1 Scenic: 1

Foundation Materials

Brick/Mortar: 1 Stone: 1

Exterior

Brick: 1

Roof

Shingle: 1 Slate: 1

Heat System

Baseboard: 1 Forced Air: 1 Heat Pump: 1 Hot Water: 1 Zoned: 1

Building Info

# Fireplaces: 1 # Stories: 3 # Heating Units: 3

Heat Fuel

Electric: 1 Gas Natural: 1

Income & Expenses

Gross Income: 96000 Operating Expenses: 25503

Cooling

Central Air: 1 Heat Pump: 1 Wall/Window Unit(s): 1

Floors

Carpet: 1 Laminate: 1 Tile: 1 Wood: 1

Units

# of 3 BD Units: 1 # of 4+ BD Units: 2

Parking

1 - 4 Spaces: 1 Off Street: 1 On Site: 1 Paved: 1

Unit 1

Lease: No Level: First Security Deposit: No Monthly Rent: 3100 # of Half Baths: 2 # of Rooms: 4 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Unit 2

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 2400 # Full Baths: 2 # of Rooms: 7 # of Bedrooms: 4 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Utilities

Utilities On: Yes

Unit 3

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 2500 # Full Baths: 2 # of Rooms: 7 # of Bedrooms: 4 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: No Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Gas

Natural - On Site: 1

Sewer

Public Sewer: 1

Water

Public: 1

Driveway

Paved: 1

Sold Info

Appraiser Email Address: richard.meyer@ngkf.com

Basement Entry

Interior: 1

Water Heater

Off Heating System: 1

Amenities

Bathtub: 1 Laundry - Hookup: 1 Other Amenities: 1 Pantry: 1 Security System: 1 Shower: 1 Storage: 1

Contract Information

Status: Closed Original List Price: 1250000 Sold Price: $1,250,000 Current Price: $1,250,000

Status Change Info

Pending Date: 2021-01-05 Closed Date: 2021-03-29 Closed Price: 1250000

Property Features

Site: Corner Lot; Level; Open; Sidewalks; Well Landscaped Location: Intown; Near Country Club; Near Golf Course; Near Public Beach; Near Railroad; Near Shopping; Near Town; Near Turnpike/Interstate Roads: Paved; Public Transportation: Major Road Access; Near Airport; Public Transport Access Water Body Type: Cove Recreational Water: Nearby; Public View: Mountain(s); Scenic Style: Mansard; Other Structure Type: Townhouse Construction: Masonry Basement: Full; Unfinished Basement Entry: Interior Foundation Materials: Brick/Mortar; Stone Exterior: Brick Roof: Shingle; Slate Heat System: Baseboard; Forced Air; Heat Pump; Hot Water; Zoned Heat Fuel: Gas Natural Water Heater: Off Heating System Cooling: Central Air; Heat Pump; Wall/Window Unit(s) Floors: Carpet; Laminate; Tile; Wood Amenities: Bathtub; Laundry - Hookup; Other Amenities; Pantry; Security System; Shower; Storage Driveway: Paved Parking: 1 - 4 Spaces; Off Street; On Site; Paved Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public
Listing Office: Benchmark Real Estate
IDX
Last Updated: January - 06 - 2025
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