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Downtown Office Suite Opportunity
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48 Free St, Portland, ME 04101

Office suites with a strong window line and surface lot parking, with suites available from 896± to 6,003± SF.

Space Size596 SF
Days on Market64

Property Features for 48 Free St

General Information

Standard status Active
Size 596 SF
Property subtype OFFICE
Lease Type Modified Gross

Spaces For Lease

at 48 Free St Contact us

Downtown Office Suites $18/SF/Yr

Size
596 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, 60 Days Notice
Excellent location in Portland’s financial district and steps away from the Old...
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Listing Agency: The Boulos Company
Listed By: Derek Miller · License #918125
Source: Moodyscre
Added: Jun 10 Changed: Aug 8 Last Checked: Aug 11 at 1:22PM

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 The Boulos Company

Investment Insights

Based on property information with market context.

This downtown office building offers available suites ranging from 896± to 6,003± SF. The space features a strong window line designed to bring in ample natural light. Suite 300 presents a notable option for tenants looking to occupy a full floor.

The property is located in Portland’s financial district and is within walking distance to the Old Port and waterfront, with a Walkability Score of 96. Surface lot parking provides direct access to the building.

The configuration supports a range of suite sizes within the building, with Suite 300 specifically called out as a full-floor opportunity.

Key Highlights

  • Office suites in Portland’s financial district, steps from the Old Port and waterfront (Walkability Score: 96)
  • Strong window line for ample natural light
  • Surface lot parking with direct access to the building

Property Analytics

Current Use

Michelle Libby Century ... Real Estate Agency Merchant X Business To Business Service Christina Markoulis Foster Care Service Carlin & Shapiro, P.A. Law Firm FordMurray Law Law Firm

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Locksmith Pet Grooming Service Tanning Salon Mobile Phone Store

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
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,425
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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Frequently Asked Questions

What type of property is this?
Office units - Office suites with a strong window line and surface lot parking, with suites available from 896± to 6,003± SF.
Where is this office units located?
The property is located at 48 Free St Portland, ME.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Office suites in Portland’s financial district, steps from the Old Port and waterfront (Walkability Score: 96); Strong window line for ample natural light; Surface lot parking with direct access to the building
(207) 240-0032 Call to check price and availability
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