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Turn-Key Office Suite
For Lease
$18.50 SF/Yr

120 Exchange Street, Portland, ME 04101

Recently remodeled, turn-key Class A office suite with parking available at a landlord-owned garage.

Space Size3,811 SF
Property Size126,435 SF
Days on Market45

Property Features for 120 Exchange Street

General Information

Standard status Active
Size 3,811 SF
Class A
Property subtype Office
Lease Term plus utilities

Building Details

Building Size 126,435 SF
Year Built 1900

Spaces For Lease

at 120 Exchange Street Contact us

2nd Floor - Suite 240 $18.50/SF/Yr

Size
3,811 SF
Type
Office Building
Term
Negotiable
Contact us
Listed By: Drew Sigfridson, SIOR
Source: Boulos
Added: Jul 22 Changed: Sep 3 Last Checked: Sep 2 at 3:34PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Drew Sigfridson, SIOR

Investment Insights

Based on property information with market context.

This recently remodeled, turn-key Class A office suite offers 10,766± square feet of ready-to-occupy space. It is configured as an office suite within a downtown office building.

Situated in the heart of Portland’s business district, the property is steps away from restaurants, shopping, and other downtown businesses. Parking is available at a landlord-owned Chestnut Street Parking Garage, with additional parking available nearby.

The space is offered as a fully prepared office option, designed for immediate tenant use.

Key Highlights

  • 10,766± SF recently remodeled office space
  • Class A office space in Portland’s business district, steps from restaurants and downtown businesses
  • Parking available at a landlord‑owned Chestnut Street parking garage

Property Analytics

Current Use

Ski Maine Association Charitable Organization Portland Ovations Theater & Performing Art Venue FABCO Industries, Inc. Industrial Manufacturer Landry & Associates Accounting Firm

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop Building Supply HVAC Service Kitchen & Bath Showroom Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.78 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,357
Businesses Nearby

Demographics for 04101, ME

18,109
Population
11,510
Households
1.6
Avg Household Size
36
Median Age
57%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
9,055
Density / Sq Mi
$60,726
Median Household Income
$45,009
Median Earnings
$1,457
Median Rent
$600,600
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Recently remodeled, turn-key Class A office suite with parking available at a landlord-owned garage.
Where is this office building located?
The property is located at 120 Exchange Street Portland, ME.
What is the lease rate?
The lease rate is $18.50 SF/Yr.
What are key features of this property?
This property features: 10,766± SF recently remodeled office space; Class A office space in Portland’s business district, steps from restaurants and downtown businesses; Parking available at a landlord‑owned Chestnut Street parking garage
More about this property
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