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$1,195,000 Just Listed
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Property Description
A Rare Opportunity to own a beautifully renovated, zoned multi-use property currently operating as the Mercury Inn. Lovingly owned and operated by the same owners for nearly 13 years, this reimagined 1890s Victorian mansion on Portland's peninsula is truly a gem. Fully renovated in 2019, this turnkey inn seamlessly blends historic character, thoughtful modern design, and exceptional flexibility. The second and third floors feature four spacious living room/bedroom guest suites, each with its own private bathroom and living room on each floor. Winding, turn-of-the-century staircases add to the property's distinctive historic charm. Guests also enjoy a shared kitchenette and a private reading nook on the second floor, creating inviting spaces to relax and unwind. The first floor offers a large, separate owner's apartment with soaring 10-foot ceilings, original period details, beautiful built-ins, and an abundance of historic charm. The apartment includes two bedrooms, two bathrooms, a full kitchen, and gorgeous formal dining and living rooms. The space could serve as comfortable owner's quarters or be reimagined as an additional income-producing unit, providing even more flexibility for the next owner. Outside, the property offers a private backyard and ample parking, making it especially well suited for an owner-occupied innkeeper or an investor seeking a flexible hospitality property. Whether you are an experienced investor, aspiring innkeeper, or entrepreneur looking to continue the legacy of this well-loved property, the Mercury Inn presents an exceptional opportunity to own a unique piece of Portland's thriving hospitality landscape. Ideally located this property is within easy walking distance of museums, acclaimed restaurants, shops, and the many attractions that make both the West End and downtown Portland so desirable. Historic charm. Modern convenience. Flexible zoning. Prime Portland location. A truly special opportunity.
Full Property Details
Full Property Details for 273 State St
General
- Price: $1,195,000
- Taxes: $20,572 (2025)
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1680655
- Updated: 9/23/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Bed & Breakfast, Special Purpose, Other
Interior
- Interior Features: Storage
- Flooring: Wood, Other, Ceramic Tile
Additional Information
- Equipment: Cable, Internet Access Available
Parking
- Parking Features: 5 - 10 Spaces, On-Site Parking, Off Street
Location
- County: Cumberland
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Heat Pump
- Heating Type: Electric, Gas Natural, Heat Pump, Hot Water
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Wood Frame, Aluminum Siding
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Roof: Slate
- Stories/Levels: 0
- Square Feet: 5,472
- Year Built: 1894
- Other Struct. Feat.: Sprinkler - Wet
Lot Features
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 4,791.6
- Zoning: RN-4
- Lot Description: Historic District, Downtown, Near Shopping, Near Turnpike/Interstate
Financial Considerations
- Tax Amount: $20,572
- Tax Year: 2025
Disclosures and Reports
- Block: G
- Lot Number: 10
Listed by Portside Real Estate Group (207) 619-7571
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Schools
Schools serving 273 State St
School District:Portland
| Name | Grades | Distance |
|---|---|---|
Howard C Reiche Community School 166 Brackett Street, Portland, ME 04102 | K-5 | 0.4 mi |
East End Community School 195 North Street, Portland, ME 04101 | PK-5 | 1.3 mi |
Deering High School 370 Stevens Avenue, Portland, ME 04103 | 9-12 | 1.8 mi |
Casco Bay High School 196 Allen Avenue, Portland, ME 04103 | 9-12 | 3.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 273 State St
Date
Details
Price
Change
Source
9/23/2026
Listed
$1,195,000
—
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 273 State St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$20,572
—
$1,717,200
26%
2024
$20,529
4%
$1,367,700
—
2023
$19,709
6%
$1,367,700
—
2022
$18,614
5%
$1,367,700
—
2021
$17,766
52%
$1,367,700
173%
2020
$11,657
—
$500,100
—
2019
$11,657
4%
$500,100
—
2018
$11,242
4%
$500,100
—
2017
$10,827
3%
$500,100
—
2016
$10,557
2%
$500,100
—
2015
$10,317
3%
$500,100
—
2014
$10,002
3%
$500,100
—
2013
$9,707
—
$500,100
—
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 273 State St
273 State Street, Portland, ME 04101 (MLS# 1680655) is a Commercial property. 273 State Street is currently listed for $1,195,000 and was received on September 23, 2026. Want to learn more about 273 State 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.

