For Sale | 16 Middle Street, Portland

Office for Sale
Catylist Listing ID: 30851263
Property Subtypes: Executive Suites, Mixed Use, Flex Space, Office Building, Research & Development, Other
Building Size (RSF): 5,374 SF
Gross Building Area: See Agent
Sale Price: $1,050,000 - 1,900,000
Unit Price: $195.39 - 353.55 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/27/2023

Overview / Comments

Take advantage of this unique opportunity to own Class A office space in downtown Portland. Join major corporations such as Wex, Sunlife, Tilson Technology Management and Covetrus in one of Portlands most exciting neighborhoods!

Own 5,374+/- SF of beautifully built out office space, and become a member of the 16 Middle Street Condo Association.

Potential option to purchase 3,307+/- SF of office space alone. See broker for details.

Enjoy convenient, dedicated parking in the Ocean Gateway Garage which offers direct, covered access into the building.

Sale price for entire unit: $1,900,000
Sale price for office space only: $1,050,000

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Taxing Authority: Portland
Tax ID/APN: 05170_020 F002
Zoning: ISFB
Total Number of Buildings: 1
Number of Stories: 5
Year Built: 2017
Parking Description: A minimum of 12 parking spaces available in Ocean Gateway Garage. $180/space.
Passenger Elevators: 2
Zoning Description: The India Street Form-Based Code is different than traditional zoning, placing the primary emphasis on a building’s physical form and its relationship to the street, and de-emphasizing land use. The intent of the India Street Form-Based Code Zone is to establish a zone that encourages a vibrant, walkable, mixed use urban district, preserves and values the existing historic neighborhood fabric, and fosters and supports local businesses and residential areas. The goal of the India Street Form-Based Code is the creation and preservation of an active and humanscale public realm and the reinforcement of existing neighborhood character through good street space design. The components of the form-based code include the guiding principles, Regulating Plan, subdistricts, general development standards, dimensional requirements, building design standards, diagrams, and definitions.

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,618 71,771 112,274
Median Age: 34.35 37.77 39.32
Households: 9,925 33,815 50,508

Contact

Photograph of Listing Agent

Claire Richardson

The Boulos Company NECPE Member
© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Moody's assume any liability for errors or omissions.