57 Exchange StPortland, ME 04101

Property Details for 57 Exchange St

Year built

1900

Lot size

0.14 AC

Property size (Sq ft)

32,800 SF

Property type

Office properties

Property subtype

Office buildings

APN

PTLD M:032 B:E001001

APU

PTLDM032BE001001

Description

57 Exchange Street in Portland, Maine, presents a unique opportunity to lease space in a meticulously preserved historic building. This five-story, 32,800 square foot traditional office building, constructed in 1867, offers a blend of classic charm and modern functionality. The property sits on a 0.14-acre lot and is zoned B3 & PAD Overlay. The building features a single passenger elevator, individually metered power (100 amp service), and caters to various tenancy needs, including traditional office space, executive suites, and coworking arrangements. Its central location in Portland's vibrant Old Port district provides unparalleled access to amenities, transportation, and a thriving business community. The building's unique character and convenient location make it an ideal choice for businesses seeking a prestigious and efficient workspace. The property's Parcel ID is 032 E001001 within Cumberland County. This is a rare opportunity to secure office space in a landmark building with a rich history and a bright future. Inquire today to learn more about available spaces and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $5,422,820

  6.5%

  $5,005,680

  7%

  $4,648,131

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,285,648

  Geo Method

  $4,285,648

• Alternative Use

  Use

  Valuation

  Residential

  $6,207,043

  Hospitality

  $5,685,618

  Educational

  $4,730,368

  Medical

  $4,893,052

  Retail

  $7,358,349

Location Insight

City

Portland

County

Cumberland

State

Maine

Latitude

43.6576

Longitude

-70.2542

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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