522 Washington Avenue, Portland, ME 04103
COMMERCIAL - Portland, ME
- Added:
- Jul 6, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 7 at 12:06 am
Property Features for 522 Washington Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- B-2b
- Rooms
- Basement
- Interior features
- Storage
- Basement
- Unfinished, Walk-Out Access, Full
- Standard status
- Active
- Size
- 3,170 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6173
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Hot Water(Heating), Natural Gas, Oil
- Water source
- Public
Building Details
- Year built
- 1920
- Flooring type
- Vinyl, Wood, Hardwood, Carpet
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle, Flat
- Additional Structures
- Storage
Listing agent Briton Vitalius (207) 541-3755
Listing office Vitalius Real Estate Group, LLC 306 Congress Street, Suite 3, Portland, ME (207) 541-3755
Listing date Jul 6, 2026
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully renovated and expanded in 2016; offers 5,445 +/- SF of flexible space
- Partially leased to individual office tenants, providing supplemental rental income potential
- High‑visibility commercial location on Washington Avenue in Portland
- On‑site parking plus basement storage
- Utilities include public water and public sewer
- Heating includes natural gas and hot water (heating), plus oil and forced air; wood frame with vinyl siding
Overview
Located at 522 Washington Avenue in Portland, Maine, the building is described as a high-visibility commercial opportunity with easy access to I-295 and downtown Portland, as well as surrounding neighborhoods. Zoning is listed as B-2b, and the property is partially leased to individual office tenants. The listing notes the option to purchase as a package with the neighboring building.
For an owner-user, the current layout and flexible office configuration can support an established business while potentially offsetting costs through supplemental rental income. For investors, the partially leased setup provides a starting point, with additional available space that can be leased to individual office tenants under the B-2b zoning designation.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.2k | $21.84 |
| − Vacancy | −$8.7k | −$2.75 |
| EGI | $60.5k | $19.09 |
| − OpEx | −$15.1k | −$4.77 |
| NOI | $45.4k | $14.32 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.252053
- Latitude
- 43.665062
