For Sale
$1,575,000

650 Brighton Ave Portland, ME 04102

High-yield investment, 13,112 SF

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional three-story, 13,112 square foot medical/office building presents a compelling value-add investment opportunity in Portland, Maine. Located at 650 Brighton Ave, 04102, this Class B property boasts a strong 8.14% cap rate and a substantial net operating income (NOI) of $128,237, with 100% occupancy across its five units. Built in 1988, the building features meticulously maintained spaces, an elevator, and professional hallways. The property includes 0.762 acres of land, encompassing the main building and an adjacent 0 Eaton Street parcel currently used for parking, offering potential for future development. The asking price is $1,575,000 ($120.12/sq ft). Current tenants include 42 North Dental, Jane McNally, DO, Dirigo Valuation, Scott Associates CPA, and North Atlantic Investment Partners LLC. The property is zoned B1 and enjoys convenient access to interstates 295 and 95, providing excellent visibility and accessibility. This turnkey investment is ideal for those seeking a stable, high-performing asset in a desirable location.

Highlights

  • Three-story, 13,112 SF medical/office building in Portland, ME.
  • Class B property with 8.14% cap rate and $128,237 NOI.
  • 100% occupancy across five units; tenants include 42 North Dental, Jane McNally, DO, Dirigo Valuation, Scott Associates CPA, and North Atlantic Investment Partners LLC.
  • $1,575,000 asking price ($120.12/SF); 0.762-acre lot including adjacent parking area.
  • Located at 650 Brighton Ave, Portland, ME 04102, with B1 zoning and convenient access to I-295 and I-95.

Property Details for 650 Brighton Ave

Property type
Office properties, Medical offices
Square Feet
13,112 SF
Class
B
Year Built
1988
Buildings
1
Stories
3
Lot Size (sq. ft)
33,193 SF
Units
5

Location Insight

City
Portland
County
Cumberland
State
Maine
Latitude
43.669994608695
Longitude
-70.304886759395

FAQs

What type of property is this?
Office property - High-yield investment, 13,112 SF
Where is the office property located?
The property is located at 650 Brighton Ave Portland, ME.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Three-story, 13,112 SF medical/office building in Portland, ME.; Class B property with 8.14% cap rate and $128,237 NOI.; 100% occupancy across five units; tenants include 42 North Dental, Jane McNally, DO, Dirigo Valuation, Scott Associates CPA, and North Atlantic Investment Partners LLC.
How can I contact the broker?
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650 Brighton Ave
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