This exceptional Portland, Maine office property at 7 Rand Road offers 22,000 square feet of recently renovated executive office space available for lease. The building, totaling 242,965 square feet, is situated on a generous 18.37-acre lot and boasts a convenient location less than one mile from Maine Turnpike/I-95 Exit 47, ensuring easy access for employees and clients. Built in 1972 and extensively renovated in 2023, the two-story building provides a modern and updated workspace. The property features ample on-site parking, a significant advantage in a bustling urban environment. Individual suites range from a minimum of 8,000 square feet to a maximum contiguous space of 14,000 square feet, offering flexibility for businesses of various sizes. The property is zoned IM (Industrial Zone) within Cumberland County, and the 04102 zip code provides access to numerous neighborhood amenities. This is a unique opportunity to secure high-quality, readily available office space in a prime Portland location. The building consists of two suites, and the total vacant space is 22,000 square feet.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$57,368,972
Hospitality
$52,549,672
Educational
$43,720,708
Medical
$45,224,332
Retail
$68,009,992
Location Insight
City
Portland
County
Cumberland
State
Maine
Latitude
43.6708
Longitude
-70.3242
CBSA code
38860
CBSA name
PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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