241 Running Hill Road, South Portland

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30764104
Property Subtypes: Medical, Office Building
Building Size (RSF): 10,530 SF
Gross Building Area: See Agent
Gross Land Area: 11.50 Acres
Sale Price: $2,495,000
Unit Price: $236.94 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/26/2021

Overview / Comments

We are pleased to offer for sale this rare opportunity to own one of the premier corner locations in the Maine Mall commercial area. The former Weight Watchers building is available for the first time ever and is ready for immediate occupancy. Featuring cathedral ceilings and skylights, multiple private offices, a flexible main entrance/waiting area, theater style meeting space and open areas for bullpen style work stations, this building lends itself to any number of office uses, including medical.

The lower level features ample storage, restrooms, a shower, and 2,000± SF of unfinished windowed office space ready for build-out. The building is highly efficient and, therefore, with its reasonable operating expenses, you can own and operate here for less than the equivalent of $23/SF Modified Gross. See broker today for details.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: Map 84, Lot 5
Property Visibility: Excellent
Number of Stories: 2
Year Built: 2003
Roof Type: Gable
Construction/Siding: Brick/Aluminum Siding
Parking Type: Surface
Total Parking Spaces: 74
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Lot Frontage: 2694'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 31,002 110,993
Median Age: 38.86 39.01
Households: 13,068 49,250


Photograph of Listing Agent

Justin Lamontagne, CCIM, SIOR

The Dunham Group NECPE Member
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