500 Washington AvePortland, ME 04103

Property Details for 500 Washington Ave

Year built

1987

Lot size

0.52 AC

Property size (Sq ft)

14,742 SF

Property type

Office properties

Property subtype

Office buildings

APN

PTLD M:429 B:I007001

APU

PTLDM429BI007001

Description

This exceptional sublease opportunity presents 3,225 square feet of traditional office space at 500 Washington Avenue in Portland, Maine. Located in the heart of the city at the intersection of Washington Avenue and Veranda Street, this property offers unparalleled access and visibility within the Greater Portland area and downtown core. The building itself totals 14,472 square feet, and this specific sublease space is immediately available. The property is zoned B-2, providing flexibility for a variety of commercial uses. The single-tenant occupancy ensures a quiet and productive work environment. This is an ideal location for businesses seeking a prominent address with excellent accessibility and high visibility in a thriving urban setting. The address is 500 Washington Avenue, Portland, ME 04103, within Cumberland County. This sublease offers a chance to secure a well-situated office space in a dynamic and desirable location. The space is ready for immediate occupancy, providing a seamless transition for your business. Contact us today to schedule a viewing and explore the possibilities of establishing your business in this prime Portland location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,437,293

  6.5%

  $2,249,809

  7%

  $2,089,108

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,926,190

  Geo Method

  $1,926,190

• Alternative Use

  Use

  Valuation

  Residential

  $2,789,763

  Hospitality

  $2,555,408

  Educational

  $2,126,070

  Medical

  $2,199,188

  Retail

  $3,307,219

Location Insight

City

Portland

County

Cumberland

State

Maine

Latitude

43.6798

Longitude

-70.2575

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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