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$1,650,000
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Property Description
A rare and compelling investment opportunity in the heart of Portland's prestigious West End. This stately Federal-style brick building, constructed in 1830, is home to the acclaimed Percy Inn-a six-bedroom bed and breakfast consistently recognized among the best in its class by multiple publications. A purchaser may acquire a fully operational, turn-key hospitality asset, with most furnishings included, allowing for immediate continuity of business. The property's historic grandeur is evident throughout, featuring soaring ceilings, refined period woodwork, grand front entry doors, a dramatic curved staircase, and expansive bedrooms, each with a private en-suite bath. These architectural elements also lend themselves beautifully to conversion back to an elegant single-family residence or luxury compound. Zoned B-1, the property offers exceptional flexibility for a variety of high-end commercial or mixed-use applications. Further enhancing its investment appeal is the adjacent parking lot with approximately 11.5 spaces-a significant and rare asset in this highly sought-after location. An iconic West End offering presenting multiple income-producing and value-enhancement opportunities, blending historic character with long-term investment potential.
Full Property Details
Full Property Details for 15 Pine St
General
- Price: $1,650,000
- Taxes: $20,088 (25)
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1646807
- Updated: 12/17/2025
- Added to Site: 32 day(s) ago
Business
- Business Type: Bed & Breakfast, Church, Commercial, Office Building,
Interior
- Flooring: Wood, Tile, Carpet
Parking
- Parking Features: 1 - 4 Spaces, 11 - 20 Spaces, Paved, Off Street
Location
- County: Cumberland
Heating & Cooling
- Cooling Type: None
- Heating Type: Space Heater, Direct Vent Heater
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick, Masonry
- Roof: Membrane
- Stories/Levels: 0
- Building Size: 3842
- Square Feet: 3,842
- Living Area: 3,842 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,534
- Zoning: B-1
- Lot Description: Historic District, Near Shopping
Financial Considerations
- Tax Amount: $20,088
- Tax Year: 25
Disclosures and Reports
- Block: E
- Lot Number: 17, 44
Listed by Waypoint Brokers Collective (207) 804-2012
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Schools
Schools serving 15 Pine St
School District:Portland
| Name | Grades | Distance |
|---|---|---|
Howard C Reiche Community School 166 Brackett Street, Portland, ME 04102 | K-5 | 0.1 mi |
King Middle School 92 Deering Avenue, Portland, ME 04102 | 6-8 | 0.5 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 15 Pine St
Date
Details
Price
Change
Source
12/17/2025
Listed
$1,650,000
—
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 15 Pine St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$19,246
4%
$1,282,200
—
2023
$18,477
6%
$1,282,200
—
2022
$17,451
5%
$1,282,200
—
2021
$16,656
19%
$1,282,200
113%
2020
$14,002
—
$600,700
—
2019
$14,002
4%
$600,700
—
2018
$13,504
4%
$600,700
—
2017
$13,005
3%
$600,700
—
2016
$12,681
2%
$600,700
—
2015
$12,392
3%
$600,700
—
2014
$12,014
3%
$600,700
—
2013
$11,660
—
$600,700
—
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 15 Pine St
15 Pine Street, Portland, ME 04102 (MLS# 1646807) is a Commercial property. 15 Pine Street is currently listed for $1,650,000 and was received on December 17, 2025. Want to learn more about 15 Pine Street? 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.

