• Year Built: 1890
36 Federal & 50 Hancock St is amulti-family property for lease in Portland, ME.
Prime Mulit-Family Development site located in the heart of the historic India Street waterfront neighborhood of Portland, Maine. 36 Federal / 50 Hancock Street properties, being sold together, are only blocks from the Portland waterfront. This area is experiencing significant growth and investment. Both residential users and commercial interests are discovering this unique area of one of the most popular destination cities in America.
The 36 Federal 50 Hancock Street properties currently contain 6 multiple family dwelling units on 6,000 +/- square feet of land. The two buildings may be purchase individually ($825,000/each) and upgraded or, purchased together ($1,500,000.00). As is occurring throughout the neighborhood, the buildings can be removed to take advantage of the allowable use densities provided by City Code.