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    527 Ocean Ave Portland, ME 04103

    Sponsored
    For Sale
    $675,000

    Prime Portland office space, 2,786 sq ft.

    Property size:
    2,786 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional office building, located at 527 Ocean Avenue in Portland, Maine, presents a unique investment opportunity. The property boasts a substantial 2,786 square feet of usable space, ideal for a variety of businesses. Situated in a desirable Portland location, the building offers excellent visibility and accessibility. The building's size and layout provide ample room for customization to suit individual business needs. While the lot size is minimal, the building itself offers significant interior space. The asking price of $675,000 represents a compelling value for a property of this caliber in the vibrant Portland market. This is a chance to acquire a well-positioned office building with significant potential for growth and return on investment. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. Serious inquiries are encouraged to explore this promising commercial real estate opportunity further. Detailed floor plans and further information are available upon request. Don't miss this chance to secure a prime location in the heart of Portland.

    Property Features for 527 Ocean Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,786 SF

    Building Details

    Year Built
    1987
    Location Intelligence

    Current Use by Public Records

    Roach Ruprecht Sanchez ... Civil Law Attorney Robidas Law, LLC Law Firm Atlantic Air Charter Aircraft Rental Service Stacy Brenner, CNM Midwife Jennifer Gilbert, CNM Midwife

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.26906
    Latitude
    43.68506

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Portland office space, 2,786 sq ft.
    Where is this office property / space located?
    The property is located at 527 Ocean Ave Portland, ME.
    What is the asking price?
    The asking price for this property is $675,000.
    (207) 772-2422
    Request Owner's contact information
    527 Ocean Ave Portland, ME 04103
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    Portland, ME 04103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    527 Ocean Ave Portland, ME 04103
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