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    209 Western Ave South Portland, ME 04106

    For Lease
    $24 SF/Yr ($3,534 /Mo)

    Retail/office space in high-traffic South Portland location.

    Property size:
    1,700 SF
    Lot size:
    1.68 Acres

    Property Features for 209 Western Ave

    General Information

    Size
    1,700 SF
    Lot size
    1.68 Acres

    Source: The Boulos Company Agent Samantha Marinko

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

    Overview

    Retail/Office Space For Lease

    This property offers 1,700 square feet of retail or office space. It is located in a highly visible retail center near the intersection of Gorham Road and Western Avenue in South Portland, where traffic counts exceed 12,340 AADT. The location provides ample on-site parking and is situated minutes from the Maine Mall, Portland International Jetport, and the Maine Turnpike, between two exits of I-295. Current tenants include Thai Poms Restaurant, Modern Nails, Willow Salon, Chickadee Toddler Care and Preschool, and Maine Solutions Federal Credit Union.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    South Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3215799
    Latitude
    43.6374546

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    FAQs

    What type of property is this?
    Retail space - Retail/office space in high-traffic South Portland location.
    Where is this retail space located?
    The property is located at 209 Western Ave South Portland, ME.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Highly visible retail/office space in a busy retail center.; - Excellent location near Gorham Road and Western Avenue with high traffic counts (12,340± AADT).; - Ample on-site parking.
    (207) 772-1333
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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
    209 Western Ave South Portland, ME 04106
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