Downtown Office Building

Office for Sale
Catylist Listing ID: 30642189
Property Subtypes: Office Building, Other
Building Size (RSF): 13,382 SF
Gross Building Area: See Agent
Gross Land Area: 0.20 Acres
Sale Price: $1,500,000
Unit Price: $112.09 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/25/2021

Overview / Comments

PROPERTY HIGHLIGHTS:

13,382 SF office building plus additional 8,548 SF useable basement

Great Downtown Portland location between financial and arts districts

Classic architecture with good current utility and spectacular upgrading potential

Two (2) deeded parking spaces plus immediately adjacent to newest parking garage in the City

Offered at a price easily supported by current market rents thereby affording both investors and owner/users an opportunity.

Located in Opportunity Zone

Sale Price: $1,500,000 ($112.09/SF)

Attachments & Media

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $22,680 (Annual)
Tax Value Land $211,100
Tax Value Improvements $761,900
Assessed Value - Total($) $973,000 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: Map 37, Block D, Lot 23
Zoning: B3 W/DEOZ OVERLAY
Property Visibility: Good
Highway Access: I-295 and Maine Turnpike
Airports: Portland International Jetport
Site Description: Between Portland's Arts and Financial Districts
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1950
Roof Type: Flat
Construction/Siding: Concrete
Parking Type: Surface
Parking Description: Two (2), on-site spaces owned with additional parking available along street and in nearby lots.
Total Parking Spaces: 2
Passenger Elevators: 1
Heat Type: Hot Water, Steam
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: Downtown Business with DEOZ Overlay (Downtown Entertainment) Opportunity Zone
Water Service: Municipal
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

Contact

Photograph of Listing Agent

Tony McDonald, CCIM/SIOR

The Boulos Company NECPE Member
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