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Office Space Near Maine Mall

244 Western Ave, South Portland, ME 04106

For Sale
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2,495 SF mixed-use/office space near Maine Mall.

Property Size2,495 SF
Lot Size2.61 Acres
Price / SF$1,523
Days on Market914

Property Features for 244 Western Ave

General Information

Standard status Active
Size 2,495 SF
Lot size 2.61 Acres
Property subtype OFFICE

Properties For Sale

at 244 Western Ave
Medical Office Space / For Lease AVAILABLE
Floor First Floor, Mez
Size 19,188 SF
Type OFFICE
Lease Type NNN
Sublease No
OFFICE BUILDING •13,955± RSF available •19,188±SF building on 2.61± acres •Subdividable providing for a variety of users •Ideal opportunity for owner-user •Prominent signage visibility along Western Avenue, with convenient access to the Maine Mall, I-95 & I-295 •Ample on-site parking with 92± spaces SALE PRICE: $3,800,000 LEASE RATE: $26.00/SF NNN
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Listing Agency: Malone Commercial Brokers
Listed By: Mark Malone · License ME #911380
Source: Moodyscre
Added: May 15, 2024 Changed: Aug 8 Last Checked: Apr 5 at 8:18PM

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 Malone Commercial Brokers

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This property features a 2,495-square-foot suite configured with a mix of three offices and an open area. It includes two locker rooms and two restrooms. The property provides ample on-site parking, with approximately 92 spaces shared in common with other tenants. It is located in a popular area near the Maine Mall, and is suitable for mixed-use or office space.

Key Highlights

  • 2,495±SF mixed‑use/office space.
  • Located in a popular area near the Maine Mall.
  • Configured with three offices and an open area.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office Units

Suggested Use

Top Pick HVAC Service Carpet & Flooring Store Garden Center Veterinary Clinic Grocery & Convenience Store Auto Repair Shop

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

Location Intelligence

Trade Area within ½ mile

1,161
Businesses Nearby

Demographics for 04106, ME

26,641
Population
12,849
Households
2.1
Avg Household Size
41
Median Age
49%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
2,184
Density / Sq Mi
$83,744
Median Household Income
$47,818
Median Earnings
$1,642
Median Rent
$403,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Office Units in Cumberland County, ME

$285 Jul
$209 Aug
$208 Sep
$210 Oct

Properties on Market for Office Units in Cumberland County

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office unit - 2,495 SF mixed-use/office space near Maine Mall.
Where is this office unit located?
The property is located at 244 Western Ave South Portland, ME.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 2,495±SF mixed‑use/office space.; Located in a popular area near the Maine Mall.; Configured with three offices and an open area.
(207) 772-2422 · Office Call to check price and availability
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