66 Pearl StPortland, ME 04101
- Office properties
- 54,400 SF
Property Details for 66 Pearl St
- Year built
- 1900
- Lot size
- 0.56 AC
- Property size (Sq ft)
- 54,400 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- PTLD M:028 B:K002001
- APU
- PTLDM028BK002001
Description
This exceptional three-story office building at 66 Pearl Street in Portland, Maine, offers a unique opportunity for businesses seeking flexible and adaptable workspace. The property boasts a total of 54,400 square feet, with a minimum divisible space of 11,502 square feet and a maximum contiguous space of 11,502 square feet, making it ideal for a variety of tenants. Built in 1900, this historic building retains its charm while offering modern amenities, including elevators. The building sits on a 0.56-acre lot and is zoned B3 & PAD, providing versatility for potential uses. The property's multiple tenancy structure allows for diverse occupancy arrangements. Its location in the vibrant Old Port district of Portland offers unparalleled access to local amenities, businesses, and cultural attractions. The building's traditional, executive, and creative office subtypes cater to a wide range of business needs. The property's address is 66 Pearl Street, Portland, ME 04101. The Assessor's Parcel Number (APN) is Map 28, Block K, Lot 2. This is a rare opportunity to secure a prominent location in a thriving Maine city. Inquire today to learn more about leasing options and explore the possibilities this exceptional property offers.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $8,993,945
- 6.5%
- $8,302,103
- 7%
- $7,709,096
-
Comparable approach
- Method
- Valuation
- Relative Method
- $7,107,904
- Geo Method
- $7,107,904
-
Alternative Use
- Use
- Valuation
- Residential
- $10,294,608
- Hospitality
- $9,429,805
- Educational
- $7,845,488
- Medical
- $8,115,306
- Retail
- $12,204,091
Location Insight
- City
- Portland
- County
- Cumberland
- State
- Maine
- Latitude
- 43.6584
- Longitude
- -70.2541
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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