Real Estate Auction 9,045+/-SF Mixed-Use Building
About This Property
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Real Estate Foreclosure Auction 26-97
9,045+/-SF Mixed-Use Building
Commercial/Retail/Residential/Office
B2 Community Business Zone
550 Washington Ave.
Portland, Maine
AUCTION DATE: Friday, July 24, 2026 at 11AM On Premises
PREVIEW DATE: Tuesday, July 7, 2026 from 10-11AM
The 9,045+/-SF Mixed-Use Building is located just off Exits 8 & 9 of I-295. The corner site enjoys excellent exposure and access to Washington Ave. and Randall Street. The 1-2 story complex has a retail space along Washington Ave., an office space on the upper level, and open space warehouse/commercial space to the rear and side. Features include 10-11 paved parking spots, Heat/AC Roof mount unit, 1-dock height OH door and 3ph 400amp power. Reference Portland Tax Map 166, Block F, Lot 3.
Buyer Broker Participation Available, Contact Auctioneer for Qualifications.
Terms: A $50,000 deposit in CASH or CERTIFIED U.S. FUNDS, made payable to the Keenan Auction Co., Inc., (deposited with the Auctioneer as a qualification to bid), increased to 10% of the purchase price within 5-business days of the public sale, with balance due and payable within 30 days from date of auction. The property will be sold by public auction subject to all outstanding municipal assessments. All personal property, food service equipment, furnishings, and electronics will be sold together with the real estate as an entirety. All other terms will be announced at the public sale. For a Property Information Package visit KeenanAuction.com or call (207) 885-5100 and request by auction number 26-97. Richard J. Keenan #236. Our 54th Year and 8,917th Auction.
Investment highlights
SITE
• LOCATION: City of Portland, County of Cumberland, State of Maine – 550 Washington Ave., Route 26.
• LOT SIZE: .23+/- Acres / 10,180+/-SF
• FRONTAGE: 102+/- ft. on Washington Ave. and 100+/- ft. on Randall St.
• ACCESS: Good, 1 curb cut on Washington Ave. and 1 curb cut on Randall Street
• VISIBILITY: Good
• SHAPE: Rectangular
• TOPOGRAPHY: Level at street grade
• SITE IMPROVEMENTS: Asphalt paved parking areas, signage
• ZONING: B2 Community Business Zone
• FLOOD ZONE: Zone X FEMA Map & Date, 23005C0692F, effective on 6/20/2024
• PARKING: 10-11+ paved parking spots
• WATER/SEWER: Public
IMPROVEMENTS
• BUILDING/TYPE: 1 Building, Retail – Commercial (Mixed-Use)
• GROSS BUILDING AREA: 9,045+/- SF Gross, 8,000+/-SF Gross Leasable
• BUILT: 1930
• RENOVATED: 2023
• BASIC CONSTRUCTION: Wood frame and Metal
• STRUCTURAL FRAME: Wood post and beam
• FOUNDATION: Poured concrete
• EXTERIOR WALLS: Wood siding / Concrete block / Metal
• ROOF: Gabled
• ROOF COVERING: Shingle
• DOORS: Glass, wood and metal
• FLOORING: Concrete slab
• ASSESSOR ID: Map 166, Block F, Lot 3
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