30 Milk StPortland, ME 04101

Property Details for 30 Milk St

Year built

1900

Lot size

0.05 AC

Property size (Sq ft)

13,608 SF

Property type

Office properties

Property subtype

Office buildings

APN

PTLD M:032 B:F009001

APU

PTLDM032BF009001

Description

This exceptional 13,608 square foot office building at 30 Milk Street in Portland, Maine, presents a unique investment opportunity. Built in 1900, this historic property boasts a desirable location within the B-3 Downtown Business Pedestrian Activities District (PAD) Overlay zoning. Currently offering 4,000 square feet of vacant space, the building is suitable for a variety of uses, including executive office suites, coworking spaces, and medical offices. The multiple tenancy structure allows for flexibility in leasing arrangements. The building features attractive 9-foot ceilings and convenient elevator access. Situated on a 0.051-acre lot (APN: Map 32, Block F, Lot 9, Cumberland County), this property offers a blend of historical charm and modern convenience. Its central location in Portland's vibrant Old Port district provides excellent visibility and accessibility. The property's versatile nature makes it an ideal choice for businesses seeking a prestigious address in a thriving urban environment. This is a rare opportunity to acquire a well-located, adaptable office space in the heart of Portland, Maine. The existing infrastructure provides a solid foundation for immediate occupancy or future renovations.

• CAP approach

  CAP return

  Valuation

  6%

  $2,249,809

  6.5%

  $2,076,747

  7%

  $1,928,408

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,778,021

  Geo Method

  $1,778,021

• Alternative Use

  Use

  Valuation

  Residential

  $2,575,166

  Hospitality

  $2,358,838

  Educational

  $1,962,526

  Medical

  $2,030,020

  Retail

  $3,052,818

Location Insight

City

Portland

County

Cumberland

State

Maine

Latitude

43.6569

Longitude

-70.2536

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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