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$709,000

  • Sold
  • Closed
  • Commercial
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135 Ocean Street -- Prime investment in Knightville. This well-maintained mixed-use building on one of South Portland's most sought-after blocks presents a rare opportunity for stable income and long-term growth. The property includes two residential units and a first-floor commercial space, all currently occupied by long-term tenants. The commercial tenant operates a medical cannabis business and has been in place for seven years, providing a dependable anchor for the building. Located in the heart of the neighborhood's activity and close to transit, shops and services, this property is an attractive option for an investor seeking steady cash flow and future upside.

Full Property Details for 135 Ocean St

General

  • Sold For: $709,000
  • Taxes: $7,223 (2026)
  • Status: Closed
  • Type: Commercial
  • Source: MREIS
  • MLS ID: 1673464
  • Added to Site: 69 day(s) ago

Business

  • Business Type: Retail

Interior

  • Flooring: Tile, Wood

Parking

  • Parking Features: 5 - 10 Spaces, On-Site Parking, Paved, Off Street

Location

  • County: Cumberland

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Gas Natural, Direct Vent Heater

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Wood Frame, Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Full, Unfinished
  • Roof: Flat, Membrane
  • Stories/Levels: 3
  • Square Feet: 2,583
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size (Sq. Ft.): 4,791.6
  • Zoning: VC
  • Lot Description: Business District, Near Shopping

Financial Considerations

  • Operating Expenses: $14,967
  • Tax Amount: $7,223
  • Tax Year: 2026

Disclosures and Reports

  • Lot Number: 4

Listed by Portside Real Estate Group (207) 619-7571
Sold by Waypoint Brokers Collective (207) 804-2012

Listing agent

— 135 Ocean St —

  • Portside Real Estate Group

    207-619-7571

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 135 Ocean St

School District:South Portland
NameGradesDistance
Daniel F. Mahoney Middle School
240 Ocean Street, South Portland, ME 04106
6-80.3 mi
Frank I Brown Elementary School
37 Highland Avenue, South Portland, ME 04106
K-50.3 mi
South Portland High School
637 Highland Avenue, South Portland, ME 04106
9-121.3 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 135 Ocean St

Date
Details
Price
Change
Source
9/29/2026
Sold
$709,000
-8.52%
MLS
7/24/2026
Listed
$775,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Portside Real Estate Group (207) 619-7571
Sold by Waypoint Brokers Collective (207) 804-2012

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135 Ocean Street, South Portland, ME 04106 (MLS# 1673464) is a Commercial property that was sold at $709,000 on September 29, 2026. Want to learn more about 135 Ocean Street? Do you have questions about finding other Commercial real estate for sale in South Portland? You can browse all South Portland real estate or contact a Coldwell Banker agent to request more information.