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    142 High St Portland, ME 04101

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    For Sale
    $10,950,000

    Landmark building with value-add potential in Portland's vibrant downtown.

    Property size:
    99,488 SF
    Lot size:
    0.68 Acres

    Property Features for 142 High St

    General Information

    Size
    99,488 SF
    Lot size
    0.68 Acres

    Source: Porta & Company 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

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Law Firm Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2635613
    Latitude
    43.6540883

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    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.
    (207) 838-3335
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    142 High St 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
    142 High St Portland, ME 04101
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