201 Federal StPortland, ME 04101

  • Other commercial real estate
  • 201,630 SF
For Lease
$40/SF/YR View listing

Property Details for 201 Federal St

Year built
2023
Lot size
0.45 AC
Property size (Sq ft)
201,630 SF
Property type
Other commercial real estate
APN
PTLD M:032 B:G002001
APU
PTLDM032BG002001

Description

This exceptional retail space, located at 201 Federal Street in Portland, Maine, offers a unique opportunity for businesses seeking high visibility and foot traffic. Situated on the ground floor of a brand-new, 18-story, 263-unit luxury apartment building (completed in 2023), this Class A property boasts a single-tenant occupancy and ranges from 527 to 2,300 square feet. The total building size is an impressive 201,630 square feet. The space benefits from excellent exposure to residents and visitors alike, thanks to its placement within a thoughtfully designed plaza featuring benches, a water wall, and landscaping. Its strategic location between the Old Port and the Financial District places it in the heart of Portland's vibrant urban core, surrounded by a wealth of amenities. Nearby attractions include the Press Hotel, City Hall, Merrill Auditorium, Monument Square, Exchange Street shopping, and a diverse selection of restaurants and cafes. The property is zoned B3 - Downtown Business, ensuring flexibility for a variety of retail uses. This is a rare opportunity to establish a presence in one of Portland's most desirable and high-traffic locations within a newly constructed building. The APN is 032/002/001. Contact us today to learn more about this exceptional retail space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $38,156,284
    Hospitality
    $34,950,948
    Educational
    $29,078,780
    Medical
    $30,078,844
    Retail
    $45,233,656
201 Federal St, Portland, Maine

Location Insight

City
Portland
County
Cumberland
State
Maine
Latitude
43.6583
Longitude
-70.257
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
$349,195
$2,242,100
$21,990,700
$24,232,800
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