1 City CtrPortland, ME 04101

  • Commercial real estate
  • 1.12 AC
For Lease
$23/SF/YR View listing

Property Details for 1 City Ctr

Lot size
1.12 AC
Property type
Commercial real estate
APN
PTLD M:032 B:L002001
APU
PTLDM032BL002001

Description

1 City Center in Portland, Maine, offers exceptional Class A office and retail space for lease. This thirteen-story building boasts 210,000 square feet of total space, with multiple suites available ranging from 2,675 to 13,083 contiguous square feet. Currently, 30,620 square feet is vacant. The property sits on a 0.618-acre lot in the heart of downtown Portland, offering unparalleled access to the city's amenities. Building features include newly renovated common areas on the first three floors, encompassing a food court and state-of-the-art shared conference space. Convenient parking is available in the on-site garage for $150 per month. The building includes elevators and was renovated in 2019. This is a multi-tenant building located in Cumberland County, Maine, with a Portland, ME 04101 zip code. Ideal for businesses seeking a prestigious address and modern amenities. The property is categorized as both Executive and Creative Office space, as well as retail.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $9,268,743
    Hospitality
    $8,490,118
    Educational
    $7,063,679
    Medical
    $7,306,610
    Retail
    $10,987,945

Location Insight

City
Portland
County
Cumberland
State
Maine
Latitude
43.6575
Longitude
-70.2574
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
$613,719
$3,563,700
$39,026,100
$42,589,800
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