619 Congress StPortland, ME 04101

Property Details for 619 Congress St

Year built

1900

Lot size

0.37 AC

Property size (Sq ft)

28,225 SF

Property type

Office properties

Property subtype

Office buildings

APN

PTLD M:046 B:D029001

APU

PTLDM046BD029001

Description

The Baxter Building, located at 619 Congress St in Portland, ME 04101, offers 28,225 square feet of Class B office space in a three-story building constructed in 1888. This multi-tenant property features a total of three suites, with 7,289 square feet currently vacant and available for lease. Individual spaces range from a minimum of 1,805 square feet to a maximum contiguous space of 7,289 square feet, offering flexibility for various business needs. The building sits on a 0.37-acre lot and is zoned B-3. Amenities include elevators and shared conference rooms. The building's location in the heart of downtown Portland provides excellent access to local businesses and amenities. This is a unique opportunity to lease space in a historic building with modern conveniences. The property is ideal for businesses seeking a prominent location in a vibrant urban setting. The available space offers the potential for customization to suit specific tenant requirements. The building's features and location make it an attractive option for a variety of businesses. The large contiguous space available is particularly suitable for businesses requiring significant office space. The building's convenient location and modern amenities make it a desirable option for businesses seeking a high-quality office space in Portland, Maine.

• CAP approach

  CAP return

  Valuation

  6%

  $4,666,436

  6.5%

  $4,307,479

  7%

  $3,999,802

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,687,878

  Geo Method

  $3,687,878

• Alternative Use

  Use

  Valuation

  Residential

  $5,341,274

  Hospitality

  $4,892,578

  Educational

  $4,070,568

  Medical

  $4,210,560

  Retail

  $6,331,994

Location Insight

City

Portland

County

Cumberland

State

Maine

Latitude

43.654

Longitude

-70.2644

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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