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    24 Preble Street Ext Portland, ME 04101

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    For Lease
    $2,950,000

    First floor retail space with full basement in Portland.

    Property size:
    2,835 SF
    Lot size:
    0.09 Acres

    Property Features for 24 Preble Street Ext

    General Information

    Size
    2,835 SF
    Lot size
    0.09 Acres

    Source: Malone Commercial Brokers Agent Mike Anderson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Arts District

    Available for rent is a retail space offering between 1,800 and 2,835 square feet on the first floor, complemented by a full basement. The property is situated immediately off Monument Square, placing it within Portland’s Arts and Financial District. Its location is directly across from the new headquarters of Maine Public Broadcasting. The property is adjacent to established restaurants, including Dutch’s Portland and ZA pizza. Furthermore, the property at 465 Congress Street, diagonally across the street, is slated for a new 92-room bank-themed boutique hotel, indicating upcoming development in the immediate vicinity.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.261186
    Latitude
    43.658428

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    FAQs

    What type of property is this?
    Retail space - First floor retail space with full basement in Portland.
    Where is this retail space located?
    The property is located at 24 Preble Street Ext Portland, ME.
    What are key features of this property?
    This property features: - Prime location immediately off Monument Square in Portland's Arts and Financial District.; - Retail space with flexible sizing: **1,800± - 2,835± SF plus a full basement.**; - Directly across from Maine Public Broadcasting's new headquarters.
    (207) 358-7028
    Request Owner's contact information
    24 Preble Street Ext Portland, ME 04101
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    Portland, ME 04101
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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
    24 Preble Street Ext Portland, ME 04101
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