2 Portland SqPortland, ME 04101

Property Details for 2 Portland Sq

Year built

1989

Lot size

0.91 AC

Property size (Sq ft)

177,118 SF

Property type

Office buildings

APN

PTLD M:038 B:B002001

APU

PTLDM038BB002001

Description

Two Portland Square offers 177,118 square feet of Class A executive office space in Portland, Maine's vibrant downtown. This single, seven-story building, constructed in 1990, boasts four total suites and is situated at 2 Portland Square, conveniently located near Fore Street. The property is zoned B3 - Business Downtown (APN: Map 38, Block B, Lot 02, Cumberland County) and offers multiple tenancy options. Spaces are available for lease, with a minimum divisible space of 2,933 square feet and a maximum contiguous space of 23,320 square feet. The building features passenger elevators for convenient access to all floors. Its prime location in the heart of Portland's financial district places it within easy reach of the historic Old Port and the city's picturesque waterfront. This exceptional property provides an unparalleled opportunity for businesses seeking a prestigious and well-connected address in one of Maine's most dynamic cities. The building's central location offers easy access to a variety of amenities and transportation options, making it an ideal choice for businesses of all sizes. This is a rare opportunity to secure office space in a highly sought-after location. Inquire today to learn more about available lease options and to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $29,282,896

  6.5%

  $27,030,366

  7%

  $25,099,626

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,142,238

  Geo Method

  $23,142,238

• Alternative Use

  Use

  Valuation

  Residential

  $33,517,654

  Hospitality

  $30,701,990

  Educational

  $25,543,696

  Medical

  $26,422,182

  Retail

  $39,734,636

Location Insight

City

Portland

County

Cumberland

State

Maine

Latitude

43.6558

Longitude

-70.2558

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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