Mixed-Use Restaurant & Retail Opportunity

Highlights

• 14 Veranda Street consists of a 4,637± SF mixed-use building with ground-floor restaurant space and a newly remodeled second floor two-bedroom residential apartment
• 18 Veranda Street features a 792± SF freestanding retail building currently operated as an ice cream stand (Beal’s Old Fashioned Ice Cream)
• Excellent exposure to commuter, neighborhood, and destination traffic via the I-295 Veranda Street interchange and high-traffic Washington Avenue corridor (26,150± ADT)
• Flexible exit strategy: hold as an income-producing portfolio, reposition either building for owner-occupancy, or sell individually over time. Each property can be purchased separately
• Sale Price: $480,000 | 18 Veranda Street
• Sale Price: $935,000 | 14 Veranda Street
• Strong live-work play dynamics with restaurant, residential, and retail users clustered together in a walkable, commuter friendly location near the future entrance of The Roux Institute at Northeastern University

Location

Located at 14 & 18 Veranda Street, Portland, ME 04103, this property is part of the East Deering neighborhood and Portland ME market.