71/75 Portland Street

Description

Discover an exceptional investment opportunity at 71/75 Portland Street, a distinguished mixed-use heritage property occupying a prominent corner location in the heart of downtown Dartmouth. Offering outstanding visibility, architectural character, commercial versatility, and residential income, this property is ideally suited for business owners, professional firms, commercial investors, and developers seeking a prestigious downtown address. The approximately 1,900 sq. ft. vacant ground-floor commercial space offers the flexibility to accommodate up to six individual offices, including two with private exterior entrances, creating excellent opportunities for leasing individual spaces, operating multiple businesses, or establishing a signature office location. Two residential apartments, each featuring three bedrooms and one full bathroom, are currently occupied, providing an established income component. The owner offers flexibility on closing arrangements to accommodate a purchaser's requirements. Significant capital improvements include a new natural gas heating system installed in May 2025 ($25,000), two new Portland Street exterior doors added in March 2025 ($10,000), and a complete roof replacement in 2019 ($25,000). For developers and forward-thinking investors, the property also presents intriguing long-term potential for adaptive reuse, redevelopment, or strategic land assembly, subject to applicable municipal approvals and heritage considerations. Located within the proposed Downtown Dartmouth Heritage Conservation District, the property is surrounded by growing investment and revitalization, including the nearby 26-storey Post development just one block away. Steps from downtown Dartmouth's vibrant restaurants, shops, waterfront, and expanding commercial district, this landmark corner property offers a rare combination of prestige, immediate income potential, flexible commercial occupancy, and future upside in one of HRM's most desirable urban locations. (id:56844)

Listing

MLS® number

202625986

Status

Active

Days On Market

15

Building

Year built

1926

Above grade

4,244 sq ft

Interior

Flooring

Wood

Heating

Radiant heat, Natural gas, Hot Water

Security

Monitored Alarm

Land

Lot size

0.09 acres

View

Harbour

Parking

Type

Paved Yard, Parking Space(s)

Utilities

Water

Municipal water

Business

Business type

Other, Residential

Fees and taxes

Common interest

Freehold

Parcel number

00108423

Directions

The corner of King Street and Portland st