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Matthew & Jemimah Lane

mjlanegroup@gmail.com +1(207) 808-7874

Listed by Sarah Delisl Courtney Sweeton Portside Real Estate Group

$ 1,195,000

Est. payment -/mo

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273 State ST Portland, ME 04101

5,472 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 5,472 sqft

Price per Sqft $218

MLS Listing ID 1680655

HOA Y/N No

Year Built 1910

Tax Year 2025

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Mixed Use

Source Maine Listings

Land Area 5472

Property Description

A Rare Opportunity to own a beautifully renovated, zoned multi-use property currently operating as the Mercury Inn. Lovingly owned and operated by the same owners for nearly 13 years, this reimagined 1890s Victorian mansion on Portland's peninsula is truly a gem. Fully renovated in 2019, this turnkey inn seamlessly blends historic character, thoughtful modern design, and exceptional flexibility. The second and third floors feature four spacious living room/bedroom guest suites, each with its own private bathroom and living room on each floor. Winding, turn-of-the-century staircases add to the property's distinctive historic charm. Guests also enjoy a shared kitchenette and a private reading nook on the second floor, creating inviting spaces to relax and unwind. The first floor offers a large, separate owner's apartment with soaring 10-foot ceilings, original period details, beautiful built-ins, and an abundance of historic charm. The apartment includes two bedrooms, two bathrooms, a full kitchen, and gorgeous formal dining and living rooms. The space could serve as comfortable owner's quarters or be reimagined as an additional income-producing unit, providing even more flexibility for the next owner. Outside, the property offers a private backyard and ample parking, making it especially well suited for an owner-occupied innkeeper or an investor seeking a flexible hospitality property. Whether you are an experienced investor, aspiring innkeeper, or entrepreneur looking to continue the legacy of this well-loved property, the Mercury Inn presents an exceptional opportunity to own a unique piece of Portland's thriving hospitality landscape. Ideally located this property is within easy walking distance of museums, acclaimed restaurants, shops, and the many attractions that make both the West End and downtown Portland so desirable. Historic charm. Modern convenience. Flexible zoning. Prime Portland location. A truly special opportunity.

Location

State ME

County Cumberland

Zoning RN-4

Rooms

Basement Full, Unfinished

Interior

Interior Features Storage

Heating Electric, Gas Natural, Heat Pump, Hot Water

Cooling Heat Pump

Flooring Wood, Other, Ceramic Tile

Equipment Cable, Internet Access Available

Exterior

Parking Features 5 - 10 Spaces, On Site, Off Street

Roof Type Slate

Building

Lot Description Historic District, Downtown, Near Shopping, Near Turnpike/Interstate

Foundation Stone

Water Public

Others

Tax ID PTLD-000036-E000002-000001

Matthew & Jemimah Lane

Agent

+1(207) 808-7874

Matthew & Jemimah Lane

273 State ST Portland, ME 04101

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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273 State ST