85 Park StreetPortland, ME 04101Sale Price: $1,525,000

This grand, historic brick residence, known as the Stephen D. Hall House, sits on coveted Park Street, contains 7 residential units, and is on the market for the first time in 40 years. The property is completely empty and free of tenants. Buyers will see the same history but a different future - a personal residence with additional rental income, modern condos in a grand historic building, or upscale rentals. This section of Park Street, lined with stately row houses, single-family homes and condos has only a few multi-families remaining. Neighboring properties include the Carroll Mansion condos and the nationally recognized Victorian Mansion. Buildings such as this rarely transfer ownership and even more rarely are offered for public sale. The next custodian of 85 Park St will appreciate the generous parking on both sides of the property - a brick parking lot on the right and a private driveway on the left to service the private owner's unit, with enough spaces for each unit. The owner's cozy townhouse residence in the rear of the property opens into a private back courtyard which feels more like an Italian garden than an urban backyard.