75 Market StPortland, ME 04101

Property Details for 75 Market St

Year built

1900

Lot size

0.23 AC

Property size (Sq ft)

48,912 SF

Property type

Office properties

Property subtype

Office buildings

APN

PTLD M:028 B:K003001

APU

PTLDM028BK003001

Description

This exceptional five-story office building, located at 75 Market Street in Portland's vibrant Old Port district, offers a unique opportunity for businesses seeking prestigious office space. Built in 1900, this landmark property boasts 48,912 square feet of meticulously maintained space, spread across a 0.23-acre lot. The building features two elevators for convenient access to all five floors. Multiple tenancy options are available, with suites ranging from approximately 1,483 square feet to approximately 4,968 square feet, catering to a variety of business needs and sizes. The building's prime location at the corner of Market and Middle Streets provides unparalleled visibility and accessibility. Its proximity to Tommy's Park, ample parking options, a diverse selection of restaurants and retail establishments, and the courthouse adds significant convenience and appeal. The property is zoned B-3 & PAD Overlay, offering flexibility for various commercial uses. The property's APN is Map 28, Block K, Lots 3-6, located in Cumberland County. This is a rare opportunity to secure a prominent presence in the heart of Portland's Old Port. The building's classic architecture and modern amenities combine to create an exceptional workspace. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $8,086,614

  6.5%

  $7,464,568

  7%

  $6,931,384

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,390,842

  Geo Method

  $6,390,842

• Alternative Use

  Use

  Valuation

  Residential

  $9,256,063

  Hospitality

  $8,478,504

  Educational

  $7,054,016

  Medical

  $7,296,614

  Retail

  $10,972,914

Location Insight

City

Portland

County

Cumberland

State

Maine

Latitude

43.6582

Longitude

-70.2543

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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