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Historic Landmark in Portland's Downtown

142 High St, Portland, ME

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For Sale

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

Type:OFFICE

Property size:

99,488 SF

Lot size:

0.68 Acres

Price / SF:

$110/SF

HighLights

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.
Functions as a downtown innovation hub with over 120 tenants in art, wellness, tech, and culture.
High traffic location with over 19,000 vehicles passing daily.
Flexible repositioning potential for investors seeking stable cash flow with value‑add upside.

We can help!

Listing Contact

Charles W. Day

For Sale

Contact for pricing

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

Type:OFFICE

Property size:

99,488 SF

Lot size:

0.68 Acres

Price / SF:

$110/SF

Added:: Jun 12, 2025
Days on Market:: 363
Last Refresh:: May 20 at 8:20 pm

Property Features for 142 High St

General Information

Standard status: Active
Size: 99,488 SF
Lot size: 0.68 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Charles W. Day

Listing agent Charles W. Day

Listing office Porta & Company

Listing date Jun 12, 2025

Source Moodyscre

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 Porta & Company

HighLights

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.
Functions as a downtown innovation hub with over 120 tenants in art, wellness, tech, and culture.
High traffic location with over 19,000 vehicles passing daily.
Flexible repositioning potential for investors seeking stable cash flow with value‑add upside.

Overview

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 Location Intelligence

Current Use by Public Records

The Eye of Henna & 13 ... Tattoo & Piercing Shop Stewart William T Law Firm Bytes.co Advertising Agency Packawhallop Marketing & Advertising Yellahoose LLC (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Cumberland
State: Maine
Longitude: -70.2636
Latitude: 43.6541

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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.

142 High St, Portland, ME

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

Property Features for 142 High St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Renovated Commercial Building in Portland

West End Bed & Breakfast

Downtown Portland Freestanding Office Building

Portland Mixed-Use Investment Opportunity

Renovated Two-Unit Duplex

Eastern Promenade Colonial Revival Multifamily

Portland Multifamily Condo Opportunity

Fully Leased Munjoy Hill Investment

West End Triplex Opportunity

West End Income Property

Portland West End Multifamily Opportunity

Portland Duplex with Attic Potential

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