Two Building Investment Opportunity - B2B Zoning An exceptional opportunity to own two abutting properties, offered together for the first time in 55 years! Located at 45 Portland Street, home to the longtime Dyer Variety Store, this offering includes both 45 Portland Street and the adjoining property at 35 Hanover Street. The property features: 45 Portland Street: Street level commercial space, plus a second-floor one bedroom, one bathroom apartment. 35 Hanover Street: Two residential units, consisting of one three bedroom, one bathroom apartment and one two bedroom, one bathroom apartment. With B2B zoning, established commercial presence, and three residential units across two buildings, this property presents an exciting opportunity for owners seeking a mixed use property with multiple income possibilities.
West Bayside, located between Franklin Street and I-295, is a industrial and residential Portland neighborhood with a working waterfront edge and a grid of compact blocks. The neighborhood’s character concentrates around the Fox Street corridor by the Portland Transportation Center, where warehouse facades meet coffee counters, small studios, and the hum of buses and trains. Community pillars include Bunker Brewing Co., Lone Pine Brewing Company, and the Portland Expo. Brick industrial buildings and newer mid-rise apartments share the streetscape, giving the area a converted-warehouse feel. Bayside Trail segments and nearby Back Cove paths add a linear green break from the hardscape. The setting reads practical and urban, with a strong maker-and-events pulse.
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Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Full, unfinished basement with interior and exterior entries and a sump pump
Bedrooms
Four units: one 1-bedroom unit, one 2-bedroom unit, one 3-bedroom unit, and one 4-bedroom unit
The 2-bedroom unit is on the second floor, the 3-bedroom unit is on the first floor, and the 1-bedroom unit is on the third floor
Bathrooms
Three full bathrooms overall; unit information also lists one half bathroom
Kitchen
Refrigerators in all four units
Flooring
Carpet, laminate, tile, and vinyl flooring
Heating & cooling
Baseboard, heat pump, and hot water heating
Heat pump cooling
Exterior features
Corner lot with sidewalks
Located in a business district and intown, near public transit and the turnpike/interstate
Home design
Duplex
Multi-level
Parking
Paved parking with 1–4 spaces
Construction
Built in 1915
Wood-frame construction with vinyl siding
Shingle roof
Utilities
Public water and sewer
Circuit breakers
Gas water heater located off the heating system
Financial info
Four units
Electricity and solar
View estimated energy costs and solar savings for this home
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Public record
Public record
Zoning
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Year built
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Style
Multi-Family (2-4 Unit)
County
Cumberland County
APN
PTLD-000033-C000022-000001
Parking Spaces
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Basement
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Accessible
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Features
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Last updated by owner on Nov 10, 2026.
B2B
Community Business District
To provide neighborhood and community retail, business and service establishments that are oriented to and built close to the street. The B-2b zone is suitable in areas where a more compact urban development pattern exists or where a neighborhood-compatible commercial district is established which exhibits a pedestrian scale and character. Such locations may include the peninsula and other arterials and intersections with an existing urban or neighborhood-oriented building pattern. The B-2b zone encourages mixed-use development, and provides locations for moderate to high-density housing in urban neighborhoods along arterials.
Permitted uses
Include but are not limited to:
Day care facility
General retail
Restaurant
Housing-Multiple units
Housing-Senior
Industrial
Mixed use
Office
Public service
Park & open space
Historical weather
Portland, ME • 04101
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 45 Portland St
$1,100,633
$633 over list price of $1.10M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $850K to $1.7M.