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    1 Commercial St Portland, ME 04101

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    For Lease
    $40 SF/Yr ($2,666 /Mo)

    Retail or service space with excellent waterfront visibility.

    Property size:
    800 SF
    Lot size:
    0.08 Acres

    Property Features for 1 Commercial St

    General Information

    Size
    800 SF
    Lot size
    0.08 Acres

    Source: Compass Commercial Brokers, LLC Agent Steve M Baumann

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

    Overview

    Retail Space on Portland Waterfront

    This 800-square-foot retail space is suitable for retail or service use, featuring a large glass storefront and excellent visibility along Portland’s waterfront. The property is located on the corner of Portland’s growing waterfront district, in close proximity to Brickyard Hollow, Fetch, Speckled Axe, WEX, Sunlife, Roux Institute, and Covetrus, among other corporate headquarters. Renovations are projected to be completed in the first quarter of 2024 at the adjacent property at 1 Commercial Street, which is now under contract.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2487638
    Latitude
    43.6593156

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    FAQs

    What type of property is this?
    Retail space - Retail or service space with excellent waterfront visibility.
    Where is this retail space located?
    The property is located at 1 Commercial St Portland, ME.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: - Unparalleled location on the corner of Portland’s fastest-growing waterfront district.; - Excellent visibility along Portland’s waterfront.; - Large glass storefront suitable for Retail or Service use.
    (207) 831-4063
    Request Owner's contact information
    1 Commercial St 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
    1 Commercial St Portland, ME 04101
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