4 Milk StPortland, ME 04101

Property Details for 4 Milk St

Year built

1900

Lot size

0.16 AC

Property size (Sq ft)

27,612 SF

Property type

Office properties

Property subtype

Office buildings

APN

PTLD M:029 B:B002001

APU

PTLDM029BB002001

Description

This exceptional executive office building, located at 4 Milk Street in Portland, Maine, presents a unique opportunity for businesses seeking prestigious office space in the heart of the Old Port district. The property, built in 1900, boasts a total of 27,612 square feet spread across three stories within a single building situated on a 0.16-acre lot. The building's classic architecture is complemented by modern amenities, including elevators. The space is currently configured for multiple tenants, offering flexibility for various business needs. The B3 zoning designation allows for office and business service uses, ensuring a wide range of potential applications. The property's convenient location in the vibrant Old Port area provides easy access to a variety of restaurants, shops, and cultural attractions. Its address is 4 Milk Street, Portland, ME 04101, and is identified by APN Map 29, Block B, Lot 2001 in Cumberland County. This historic building offers a blend of character and functionality, making it an ideal location for discerning businesses seeking a prominent presence in Portland's thriving commercial landscape. The property's size and zoning provide ample opportunity for expansion or adaptation to suit specific business requirements. This is a rare chance to secure a landmark property in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,565,088

  6.5%

  $4,213,928

  7%

  $3,912,933

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,607,784

  Geo Method

  $3,607,784

• Alternative Use

  Use

  Valuation

  Residential

  $5,225,270

  Hospitality

  $4,786,320

  Educational

  $3,982,162

  Medical

  $4,119,114

  Retail

  $6,194,474

Location Insight

City

Portland

County

Cumberland

State

Maine

Latitude

43.6575

Longitude

-70.2525

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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