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First-Floor Office Space

503-509 Forest Avenue, Portland, ME 04101

For Lease
$12 SF/Yr

First-floor office space is available for lease in a commercial building.

Space Size4,000 SF
Property Size73,750 SF
Days on Market94

Property Features for 503-509 Forest Avenue

General Information

Standard status Active
Size 4,000 SF
Net Rentable 4,000 SF
Class B
Property subtype Office - General Office

Space & Availability

Available Space 4,000 SF
Contiguous Space 4,000 SF
Floor 1

Additional Details

Road Access Yes

Building Details

Building Size 73,750 SF

Spaces For Lease

at 503-509 Forest Avenue
Unit 2 $12/SF/Yr
Floor First
Size 4,000 SF
Type Office
Lease Type NNN
Availability Immediate
Sublease No
Renewal Option Yes
Contact us
Listing Agency: The Boulos Company
Listed By: John Finegan
Source: Commercialcafe
Added: Aug 10 Changed: Nov 5 Last Checked: Nov 10 at 5:27AM

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

Rey
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Investment Insights

Based on property information with market context.

Approximately 4,000 SF of first-floor office space is available for lease at 503-509 Forest Avenue in Portland, Maine 04101.

Key Highlights

  • Approximately 4,000± SF of first‑floor office space available for lease
  • Located at 503‑509 Forest Avenue in Portland, ME 04101

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 Auto Parts Store (Bike/Boat/Book/etc) Store Locksmith Electrical Service Garden Center

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

Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,101
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Portland, ME

$18.04 /SF/Yr
Avg Asking Price
$6.41–$38 /SF/Yr
Price Range
4,567 SF
Avg Space Size

This space is priced 33% below the average of $18.04 /SF/Yr.

Properties on Market for Office Units in Portland

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 - First-floor office space is available for lease in a commercial building.
Where is this office unit located?
The property is located at 503-509 Forest Avenue Portland, ME.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Approximately 4,000± SF of first‑floor office space available for lease; Located at 503‑509 Forest Avenue in Portland, ME 04101
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