:e · the portland, maine commercial real estate market is undergoing a renaissance and is as...
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86 & 90 COMMERCIAL STREET, PORTLAND I MAINE
Opportunity Zone Property
Existing Property Details:
• 86-90 Commercial StreetParcel ID: A30A001 Size: 51,890 SF Parcel ID: A30A002 Size: 146,186 SF (Includes Water Rights)Parcel ID: A30A101 Size: 10,000 SF
• Existing Uses:Retail/Restaurant: 43,000 SFMarine Use: 53,000 SF
Dockage: 9 Commercial Boats
Histor The Custom House Wharf was built before 1807 and immersed in history having supported generations of Portland's waterfront businesses. The Casco Bay and Harpswell Steamboat Company, now Casco Bay Lines,
housed its main ferry terminal -where Gilbert's Chowder House now stands -until 1979 when it moved toMaine State Pier. Harbor Fish Market has been a prominent site for a fish market since the late 1800's while the original Boone's Restaurant opened its doors in 1898. Portland Yacht Club even called the wharf its home, paying $8.30 per month for its first clubhouse before moving to Falmouth in 1946.
The P roprietors acquired the wharf in 1859 when John Lynch, Nathaniel Blanchard, William Evans, and William W. Thomas, all of Portland, sold it for a mere $21,200.00. Since then, the same family has operated, managed,and maintained the buildings and infrastructure for a total of 159 years.
The Portland, Maine Commercial Real Estate Market is undergoing a renaissance and is as vibrant as it has ever been, and according to the Maine Real Estate Development Associations 2019 Forecast, it is only getting better.
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Arguably the most historic part of Portland's peninsula, the Custom House Wharf is still home to some of the most iconic businesses in the city, including Harbor Fish Market, Boone's Restaurant, The Porthole, and Gilbert's Chowder House. Many passing visitors and natives alike can be found sipping drinks and having a bite to eat on the restaurant decks on a warm summer evening or strolling down the wharf with an ice cream cone, looking at the lobstermen as they bring in their catch .
This amazing piece of Portland's history is being offered for sale:
$11,000,000
I FOBR.E F.O. BAEl!.EY REAL ESTATE -COMM rnctAL
Erika Puschock, Realtor F. 0. Bailey Real Estate [email protected]
James Benoit, Realtor F. 0. Bailey Real Estate 207.232.4995 [email protected]
�!� MILONE & MACBROOM