142 High St Portland, ME 04101
Landmark building with value-add potential in Portland's vibrant downtown.
Property size:
99,488 SFLot size:
0.68 AcresProperty Features for 142 High St
General Information
- Size
- 99,488 SF
- Lot size
- 0.68 Acres
Source:
Moodyscre
Listing Agent: Charles W. Day
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Historic Landmark in Portland's Downtown
Located in the Portland Art’s District, the State Theatre building occupies a corner position at the intersection of High Street and Congress Street. This location experiences a daily traffic volume exceeding 19,000 vehicles. The property offers the opportunity to own a landmark in downtown Portland, situated at a vibrant intersection. The building houses a diverse collection of tenants with below-market lease rates, presenting an opportunity to increase the net operating income. Home to the State Theatre, the building combines historic significance with flexible repositioning potential. The property functions as a downtown innovation hub, housing over 120 tenants across art, wellness, tech, and culture. This atmosphere creates an attractive environment for prospective tenants. The property contains 99488 square feet and is suitable for office buildings, office properties and spaces, theaters and concert halls, and sports and entertainment properties.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
The Eye of Henna & 13 ...
Tattoo Shop
Stewart William T
Attorney
Bytes.co
Marketing Agency
Packawhallop
Website Designer
Yellahoose LLC
Software Company
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.2635613
- Latitude
- 43.6540883
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Landmark building with value-add potential in Portland's vibrant downtown.
Where is this office building located?
The property is located at 142 High St Portland, ME.
What is the asking price?
The asking price for this property is $10,950,000.
What are key features of this property?
This property features: - Landmark location at the vibrant intersection of High Street and Congress Street in Portland's Art District.; - Home to the historic State Theatre, offering a unique blend of significance and potential.; - Opportunity to increase Net Operating Income (NOI) by adjusting below-market lease rates.