443 Congress StPortland, ME 04101

Property Details for 443 Congress St

Year built

1923

Lot size

0.20 AC

Property size (Sq ft)

48,768 SF

Property type

Office buildings

APN

PTLD M:027 B:B002001

APU

PTLDM027BB002001

Description

This exceptional commercial property at 443 Congress Street in Portland, Maine offers a unique opportunity for businesses seeking executive office space. Located in the heart of the city's vibrant downtown, this multi-tenant building boasts a total of 48,768 square feet, with 5,280 square feet currently available for lease. The space is ideally suited for businesses requiring a prominent address and ample room for operations. The building's B3 - Downtown Business zoning allows for a wide range of commercial uses. The property's address is 443 Congress Street, Portland, ME 04101, within Cumberland County. The property features a convenient location, easily accessible to major transportation routes and amenities. The available space presents a blank canvas for customization, allowing tenants to design their ideal workspace. With its strategic location and substantial square footage, this property represents a compelling investment opportunity for businesses seeking to establish or expand their presence in Portland's thriving commercial district. The property's APN is 027 B002. This is a retail and office space, currently configured as multiple tenancies. The available space totals 5,280 square feet. This is an excellent opportunity to secure a prominent location in a bustling downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $8,062,807

  6.5%

  $7,442,591

  7%

  $6,910,978

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,372,027

  Geo Method

  $6,372,027

• Alternative Use

  Use

  Valuation

  Residential Income

  $9,228,813

  Hospitality / Lodging

  $8,453,543

  Institutional / Educational

  $7,033,248

  Healthcare / Senior Housing

  $7,275,133

  Retail / Commercial

  $10,940,609

Location Insight

City

Portland

County

Cumberland

State

Maine

Latitude

43.658

Longitude

-70.2588

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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