For Sale or Lease - Office / Retail Building With Developable Lot

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30727462
Property Subtypes: Office Building
Building Size (RSF): 38,072 SF
Gross Building Area: See Agent
Gross Land Area: 0.21 Acres
Sale Price: $11,200,000
Unit Price: $294.18 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Class of Space: Class A
Usable Size (USF): 38,072 SF
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 5/4/2021

Overview / Comments

38,000± SF 5-STORY BUILDING FOR SALE WITH A DEVELOPABLE LOT (The building is also for lease)


On Portland’s Waterfront

Abutting lot to the right of the building offers further development potential with frontage on Commercial Street.

Galt Block - brick & beam construction, fully renovated in 1995 with some recent improvements

Highly visible Old Port location across from the Ferry Terminal

Dormer for top of building can increase the 5th floor space (see brochure rendering)

Easy access to I-295 and I-95/The Maine Turnpike

SALE PRICE: 11,200,000

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 05170_029 P027
Zoning: 999999
Property Located Between: Franklin Arterial and Commercial Streets
Property Visibility: Excellent
Highway Access: 295
Airports: Portland International Jetport
Site Description: In Portland's Waterfront and Old Port Districts
Total Number of Buildings: 1
Number of Stories: 5
Construction/Siding: Brick
Parking Description: See broker for parking options
Sprinklers: Wet
Heat Source: Heat Pump
Interior Description: Exposed brick and wood beams
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,618 69,975 111,394
Median Age: 34.35 37.62 39.18
Households: 9,925 33,025 50,199
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