165 Pleasant AveSouth Portland, ME 04106

Property Details for 165 Pleasant Ave

Year built

1962

Construction

STEEL FRAME

Lot size

2.50 AC

Property size (Sq ft)

72,000 SF

Property type

Showrooms

APN

SPOR M:040 L:082-A

APU

SPORM040L082A

Description

This exceptional industrial property, located at 165 Pleasant Avenue in South Portland, Maine, offers 44,400 square feet of versatile manufacturing or warehouse space within a 74,400 square foot building situated on 2.5 acres of land. Built in 1962, the single-tenant building boasts a 22-foot ceiling height, providing ample vertical space for storage or operations. The property features convenient access to major transportation arteries, including I-295, I-95 Exit 45, and US Route One, ensuring efficient logistics and distribution. Three loading docks and three drive-in doors facilitate smooth and efficient loading and unloading operations. The property is located in the desirable Rumery Industrial Park in Cumberland County, offering a strategic location within South Portland's thriving industrial sector. The property is currently available for lease and presents a significant opportunity for businesses seeking a well-maintained, strategically located industrial space to accommodate their operational needs. The total building size is 74,400 square feet, with 44,400 square feet currently vacant. This property is ideal for a variety of manufacturing, warehouse, or distribution operations. The zip code is 04106.

• CAP approach

  CAP return

  Valuation

  6%

  $17,498,514

  6.5%

  $16,152,474

  7%

  $14,998,726

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,706,950

  Geo Method

  $23,706,950

• Alternative Use

  Use

  Valuation

  Residential

  $13,625,216

  Hospitality

  $12,480,625

  Educational

  $10,383,733

  Medical

  $10,740,846

  Retail

  $16,152,474

Location Insight

City

South Portland

County

Cumberland

State

Maine

Latitude

43.6247

Longitude

-70.2863

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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