Commercial Sale $ 829,000

32 Melbourne ST

Portland, ME 04101

  • 1,617 SqFt
  • 3,484 Lot Size
  • 1900 Year Built
Open House 4/19 10-12pm. NOT in Historic District | Prime for 5 Unit Development. Tucked away on one of Munjoy Hill's most peaceful streets, 32 Melbourne Street captures the essence of Portland's East End, connected, calm, and full of character. The home's original lines remain beautifully intact, while the lot itself is open, sunny, and inviting. The home offers just over 1,600 square feet with three bedrooms and one full baths. It's comfortable and move-in ready, yet the real story here is one of potential and possibility. Sitting on a 0.0844-acre lot--approximately 3,675 square feet--in Portland's desirable RN4 zone, the property holds special development appeal. In this zone, just 725 square feet of lot area are required per dwelling unit, meaning this site could support up to five residential units. Attention developers: this is a rare opportunity for a quality-minded multi-family owner, investor, or visionary builder to create a purposeful condominium or small-scale residential project for resale or personal use. Because the property lies outside the constraints of the historic district, you have freedom to restore, expand, or reimagine without limitation. Imagine living just steps from Maine's bold coast, one block from the Olmsted-designed East End Park with its tennis courts, ball fields, community gardens, walking paths, and sandy beach. You're connected by trails to Back Cove and the Old Port and just moments from Washington Avenue and East Bayside's lively mix of shops, breweries, and boutiques. The location offers both serenity and access--walkable to downtown Portland, the working waterfront, and near major employers and the forthcoming Root Institute across the bridge. From the upper floors, enjoy sweeping, open ocean and inner Casco Bay views stretching across the islands, with potential for panoramic vistas toward Mount Washington and the western mountains. Whether you honor the home's timeless charm or develop something entirely new, opportunities
Listed by Benchmark Real Estate

PROPERTY DETAIL

  • Key Details

    Property Type Commercial Sale

    Sub Type General Commercial

    Listing Status Active

    Square Footage 1, 617 sqft

    Price per Sqft $512

    Subdivision East End

    MLS Listing ID 1650823

    HOA Y/N No

    Year Built 1900

    Annual Tax Amount $9,623

    Tax Year 2026

    Lot Size 3,484 Sqft

    Acres 0.08

    Property Sub-Type General Commercial

    Source Maine Listings

    Land Area 1617

  • Location

    State ME

    County Cumberland

    Zoning RN-4

  • Rooms

    Basement Full, Unfinished

  • Building

    Lot Description Water View, Rail Available, Public Transport Access, Near Turnpike/Interstate, Near Airport, Downtown, Near Shopping, Suburban

    Foundation Brick/Mortar

    Sewer Public Sewer

    Water Public

    Structure Type Vinyl Siding,Wood Frame

  • Interior

    Interior Features Storage

    Heating Hot Water, Forced Air, Baseboard

    Cooling None

    Flooring Wood, Laminate

    Equipment Internet Access Available, Cable, Air Radon Mitigation System

  • Exterior

    Parking Features 1 - 4 Spaces, On Site, Paved, Off Street

    Utilities Available 1

    View Y/N No

    Roof Type Pitched,Shingle

  • Others

    Restrictions Unknown

    Energy Description Gas Natural, Oil

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