650 Brighton AvePortland, ME 04102

Property Details for 650 Brighton Ave

Year built

1988

Lot size

0.53 AC

Property size (Sq ft)

13,112 SF

Property type

Office buildings

APN

PTLD M:224A B:F009001

APU

PTLDM224ABF009001

Description

This exceptional three-story office building, located at 650 Brighton Avenue in Portland, Maine, presents a compelling sublease opportunity. The property boasts a total of 13,112 square feet of well-maintained office space, ideal for a variety of businesses. Built in 1988, the building features a traditional office layout with an 8-foot ceiling height throughout. The property sits on a 0.53-acre lot and includes a convenient 50-space parking lot for tenants and visitors. The building is equipped with elevators for easy access to all three floors. The electrical service is 100 amps. The property is zoned B1, offering flexibility for various commercial uses. The building's address is 650 Brighton Ave, Portland, ME 04102, and its location is further identified by APN Map 224A Lot F-9001 in Cumberland County. This single-building property offers a multiple tenancy arrangement, providing opportunities for diverse business configurations. The property's prime location in Portland offers excellent access to local amenities and transportation networks. This is a rare opportunity to secure a well-established office space in a desirable location. Inquire today to learn more about this sublease opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,167,805

  6.5%

  $2,001,051

  7%

  $1,858,119

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,713,214

  Geo Method

  $1,713,214

• Alternative Use

  Use

  Valuation

  Residential

  $2,481,303

  Hospitality

  $2,272,860

  Educational

  $1,890,993

  Medical

  $1,956,027

  Retail

  $2,941,545

Location Insight

City

Portland

County

Cumberland

State

Maine

Latitude

43.6697

Longitude

-70.3052

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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