Downtown Location Near Cross
For Lease
$18 SF/Yr
48 Free Street, Portland, ME 04101
Office space for rent in a great downtown location.
Space Size596 SF - 5,081 SF
Property Size30,158 SF
Days on Market195
Property Features for 48 Free Street
General Information
Standard status
Active
Size
596 SF - 5,081 SF
Class
B
Property subtype
Office
Lease Term
MG
Building Details
Building Size
30,158 SF
Year Built
1900
Spaces For Lease
at 48 Free Street Contact usL 20
Size
5,081 SF
Type
Office Building
Term
Negotiable
Rate
Contact for pricing
100 $24.50/SF/Yr
Size
3,604 SF
Type
Office Building
Term
Negotiable
M12 $18/SF/Yr
Size
1,803 SF
Type
Office Building
Term
Negotiable
M15 $18/SF/Yr
Size
596 SF
Type
Office Building
Term
Negotiable
Listing Agency:
The Boulos Company
Listed By:
Derek Miller · License #918125
(207) 240-0032
Source:
Boulos
Added: Mar 26
Changed: Sep 8
Last Checked: Oct 5 at 3:13PM
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 commercial real estate property offers office spaces for rent in a great downtown location. The property is situated adjacent to the Cross Insurance Arena.
Key Highlights
- Great downtown location
- Adjacent to Cross Insurance Arena
- Built in 1900
Property Analytics
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
6,425
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Portland, ME
$17.17 /SF/Yr
Avg Asking Price
$6.41–$38 /SF/Yr
Price Range
9,000 SF
Avg Space Size
This space is priced 5% above the average of $17.17 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Office space - Office space for rent in a great downtown location.
Where is this office space located?
The property is located at 48 Free Street Portland, ME.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Great downtown location; Adjacent to Cross Insurance Arena; Built in 1900
