170 Ocean StSouth Portland, ME 04106

Property Details for 170 Ocean St

Year built

1973

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.00 AC

Property size (Sq ft)

11,155 SF

Property type

Retail properties

Property subtype

Banks

APN

SPOR M:014 L:189

APU

SPORM014L189

Description

This exceptional executive office suite, located at 170 Ocean St in South Portland, Maine, offers 1,291 square feet of prime workspace within a larger 11,155 square foot building. The space is immediately available for lease and is part of a multi-tenant building situated in the desirable Mill Creek Core (MCC) zoning district of Cumberland County. Built in 1973, the building provides ample on-site parking for tenants and visitors in a shared lot. The property's address is 170 Ocean St, South Portland, ME 04106 (43.6367608, -70.251697). This location offers easy access to major transportation routes and amenities. The suite is perfect for businesses seeking a professional and convenient office environment. The property type is classified as an office building with an executive office subtype. This is a fantastic opportunity to secure a well-located, ready-to-occupy office space in a thriving Maine community. The total building size is 11,155 square feet, with 1,291 square feet currently vacant and available for lease. This presents a unique chance to establish a presence in a well-maintained building with convenient parking. Inquire today to learn more about this exciting leasing opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,711,054

  6.5%

  $2,502,512

  7%

  $2,323,761

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,672,931

  Geo Method

  $3,672,931

• Alternative Use

  Use

  Valuation

  Residential

  $2,110,962

  Hospitality

  $1,933,630

  Educational

  $1,608,758

  Medical

  $1,664,085

  Retail

  $2,502,512

Location Insight

City

South Portland

County

Cumberland

State

Maine

Latitude

43.6366

Longitude

-70.252

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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