Portland Owner-Occupant Office Building w/ 20-Car Developable Lot

Office for Sale
Also listed as Vacant Land
Catylist Listing ID: 30831378
Property Subtypes: Flex Space, Office Building, General
Building Size (RSF): 11,400 SF
Gross Building Area: See Agent
Sale Price: $2,950,000
Unit Price: $258.77 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: 16 Casco St
Class of Space: Class B
Usable Size (USF): 14,800 SF
Sale Terms: Cash to Seller, Owner Financing, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 6/25/2024

Overview / Comments

3-story office building with full-height basement in Portland's Arts District. Originally designed by John Calvin Stevens, this property features high ceilings, massive windows, and a 20-car parking lot.

See attached brochure for additional information or call (207) 744-3084 ext 301.

Current Tenants

Tenant Business Name Maine Realty Advisors

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 037 C010
Zoning: B-3
Site Description: Parking: 18+- parking spaces on-site HVAC: Central heat & air, see broker for details Has Sprinklers
Number of Stories: 3
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,061 78,550 111,093
Median Age: 34.13 38.07 39.15
Households: 13,617 36,466 50,070


Photograph of Listing Agent

Josh Soley, SIOR, CCIM

NECPE Member
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