For Sale
$2,500,000

275 Read StPortland, ME 04103

Prime Portland flex space, 16,546 SF, high visibility.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 16,546-square-foot flex building presents a compelling investment opportunity in Portland, Maine. Located at 275 Read Street, this single-story, Class B property boasts a prime location off Route 302, strategically positioned between I-95 and I-295, ensuring excellent accessibility and high visibility from Forest Avenue. Built in 1988, the building sits on a one-acre lot (APN: Map 150, Lot 9/1) and is zoned IL. The asking price is $2,500,000, translating to $151.09 per square foot. Featuring an 18-foot ceiling height, this property offers ample space and flexibility for a variety of uses. Currently occupied by a wholly-owned Xerox subsidiary since 1998, this building benefits from a history of stable occupancy and low vacancy rates within the Portland industrial/flex market. This presents a rare opportunity to acquire a well-located, established property with significant potential for future growth and return on investment. The property consists of one building with one unit.

Highlights

  • $2,500,000 asking price for a 16,546 SF flex building.
  • Portland, ME industrial/mixed-use property, Class B.
  • 1-story building on a 1-acre lot, built in 1988.
  • 18' ceiling height.
  • Located at 275 Read St, Portland, ME 04103, APN Map 150, Lot 9/1.

Property Details for 275 Read St

Property type
Mixed-use properties, Industrial properties
Square Feet
16,546 SF
Class
B
Year Built
1988
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF
Units
1

Location Insight

City
Portland
County
Cumberland
State
Maine
Latitude
43.684212853749
Longitude
-70.289532753003
275 Read St, Portland, Maine

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
275 Read St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message