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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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