210 Western AveSouth Portland, ME 04106

  • Office properties
  • 1,650 SF
For Lease
$15/SF/YR View listing

Property Details for 210 Western Ave

Year built
1997
Construction
STEEL FRAME
Lot size
1.57 AC
Property size (Sq ft)
1,650 SF
Zone code
Z
Property type
Office properties
Property subtype
Other office properties
APN
SPOR M:067 B:A1 L:011
APU
SPORM067BA1L011

Description

This exceptional 1,650 square foot office suite, located on the first floor of 210 Western Avenue in South Portland, Maine, presents a fantastic opportunity for businesses seeking a modern and efficient workspace. Recently renovated in 2023, the space boasts five private offices, a welcoming reception area, a comfortable waiting room, and a convenient small kitchenette. The layout is adaptable and offers potential for use as a medical office, with space easily configured for exam rooms. The building itself, constructed in 1997 and situated on 1.57 acres, is a three-story structure with a total of 9,900 square feet. This particular suite benefits from excellent visibility and signage opportunities along Western Avenue, a high-traffic area in the desirable South Portland/Maine Mall vicinity. The property is zoned CS - Suburban Commercial, ensuring flexibility for a variety of professional uses. The suite is immediately available for lease, offering a turnkey solution for businesses seeking a move-in ready space. Shared amenities are available within the building. The zip code is 04106. This is a single-tenant occupancy space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $272,794
    6.5%
    $251,810
    7%
    $233,824
  • Comparable approach

    Method
    Valuation
    Relative Method
    $215,589
    Geo Method
    $215,589
  • Alternative Use

    Use
    Valuation
    Residential
    $312,245
    Hospitality
    $286,014
    Educational
    $237,961
    Medical
    $246,144
    Retail
    $370,161
210 Western Ave, South Portland, Maine

Location Insight

City
South Portland
County
Cumberland
State
Maine
Latitude
43.6366
Longitude
-70.3222
CBSA code
38860
CBSA name
PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,344
$71,600
$235,600
$307,200
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