Commercial for Sale: 47 Cumberland Avenue, Portland, ME 04101

$2,255,000
$2,255,000
47 Cumberland Avenue, Portland, ME 04101
$2,255,000
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Price:
$2,255,000
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Type Commercial
Square Feet 882 sqft
Lot Size 0.31 acres
Year Built 1884
Taxes Paid $5,569
City Portland
County Cumberland
MLS 1591632
Status Active
The site is currently home to a modest single family home (47 Cumberland) and a large open and level lot at the end of Sumner Ct (an improved private road just off North St). The building envelope is large, open, level and elevated affording expansive city skyline, Back Cove and White Mountain views. At a combined .31 acres or +/-13,590 sq/ft +/- the total possible unit count is 15 and the non-historic district, R6 Munjoy Hill Overlay zoning ensures the reimagine/redevelopment process will be streamlined. The options are many and the opportunities near limitless. From living in the single family with your very own urban oasis / orchard in the backyard to building a 1-2-3 family with your deluxe owners unit on the upper level to buy and pursue a mid to large scale development of condos, apartments of a mix... There is also more land and an adjacent 6 unit available for the investor/developer that might want more/more options. Opportunity is knocking!

Room Features

Basement Description Full, Unfinished

Lot & Building Features

Cooling None
Tax Year 2023
Taxes Paid $5,569

Price History of 47 Cumberland Avenue, Portland, ME

Date Name Price Difference
05/31/2024 Listing Price $2,255,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Kathy Sutherland, Associate Broker, CREN, REALTOR
Direct: 603-345-8875
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Benchmark Real Estate, Thomas Landry 207-775-0248
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47 Cumberland Avenue (MLS #1591632) is a commercial listing located in Portland, ME. This commercial listing is 882 sqft and on a lot of 13,504 sqft (or 0.31 acres) and is 140 years old. This property was listed on 05/31/2024 and has been priced for sale at $2,255,000.

Nearby zip codes are 04102, 04103, 04105, 04106 and 04107. This property neighbors other cities such as Cape Elizabeth, Falmouth, Long Island, Scarborough and South Portland.

MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Benchmark Real Estate

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.