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$2,669,000
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Property Description
We are pleased to offer this exciting opportunity in Portland's fastest growing neighborhood. Right in the middle of the Bayside revitalization, sits this amazing three-story plus full basement wood frame beauty, formally known as Portland Architectural Salvage. This building sits on 3 corners and enjoys parking for 13+ vehicles. The very cool and modern three-story steel and glass entry separates the two buildings from each other but allows a shared large double door elevator and wide stair tower. Each building also shares common expenses for efficiency. Each floor here boasts almost 4500 sf with no bearing walls. The full basement space with two egresses and lots of windows, has tons of possibilities for added marketable space. The first floor shows off the original wood floors and structural beams along with oversized windows flooding the space with lots of light and exposure. The second and third floors lay out similarly, but Back Cove can be seen from the third floor. This building has housed many Portland businesses over the years but is now ready for your vision of retail, office, residential, or any combination you'd like!
Full Property Details
Full Property Details for 125 Kennebec St #1
General
- Price: $2,669,000
- Taxes: $25,716 (2024)
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1642705
- Updated: 11/4/2025
- Added to Site: 109 day(s) ago
Business
- Business Type: Bar/Tavern/Lounge, Commercial, Development, Grocery, O
Interior
- Interior Features: Storage
- Flooring: Wood
Parking
- Parking Features: 11 - 20 Spaces, On-Site Parking
Location
- County: Cumberland
- Subdivision: 125 Kennebec Street Condominium
Community
- Association: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Steam
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Fiber Cement, Clapboard, Wood Frame
- Roof: Membrane
- Stories/Levels: 3
- Building Size: 16836
- Square Feet: 16,836
- Living Area: 16,836 Sq. Ft.
- Year Built: 1900
- Other Struct. Feat.: Fire System, Elevator Passenger, Sprinkler - Wet
Lot Features
- Zoning: B3
- Lot Description: Water View, Near Turnpike/Interstate, Downtown, Business District, Near Shopping
Financial Considerations
- Assoc Fee Freq.: Annually
- Tax Amount: $25,716
- Tax Year: 2024
Disclosures and Reports
- Block: I
- Lot Number: 1
Listed by Gardner Real Estate Group (207) 427-3637
Get Pre-Approved Today
Schools
Schools serving 125 Kennebec St #1
School District:Portland
| Name | Grades | Distance |
|---|---|---|
Ocean Avenue 150 Ocean Avenue, Portland, ME 04103 | K-5 | 1.5 mi |
King Middle School 92 Deering Avenue, Portland, ME 04102 | 6-8 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 125 Kennebec St #1
Date
Details
Price
Change
Source
11/04/2025
Listed
$2,669,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 125 Kennebec St #1
Year
Property Taxes
Change
Tax Assessment
Change
2024
$26,236
4%
$1,747,900
—
2023
$25,187
6%
$1,747,900
—
2022
$23,789
5%
$1,747,900
—
2021
$22,705
57%
$1,747,900
182%
2020
$14,438
—
$619,400
—
2019
$14,438
4%
$619,400
—
2018
$13,924
4%
$619,400
—
2017
$13,410
3%
$619,400
—
2016
$13,076
2%
$619,400
—
2015
$12,778
3%
$619,400
—
2014
$12,388
3%
$619,400
—
2013
$12,023
—
$619,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 125 Kennebec St #1
125 Kennebec Street #1, Portland, ME 04101 (MLS# 1642705) is a Commercial property. 125 Kennebec Street #1 is currently listed for $2,669,000 and was received on November 04, 2025. Want to learn more about 125 Kennebec Street #1? Do you have questions about finding other Commercial real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

