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Small-Bay Flex Industrial Space
For Lease
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550 Washington Ave, Portland, ME 04103

Open-format space includes loading access, natural gas heat, and three-phase power for a range of commercial operations.

Space Size2,150 SF
Property Size6,055 SF
Days on Market148

Property Features for 550 Washington Ave

General Information

Standard status Active
Size 2,150 SF
Net Rentable 2,151 SF
Property subtype Industrial
Lease Type NNN

Space & Availability

Available Space 2,151 SF
Contiguous Space 2,151 SF
Space Use Flex
Available From Immediate

Site & Location

Highway Access Yes
Utilities to Site Yes

Additional Details

Three-Phase Power Yes

Building Details

Building Size 6,055 SF
Year Built 1930
Tenancy Single

Spaces For Lease

at 550 Washington Ave Contact us

Available Space $18/SF/Yr

Size
2,150 SF
Type
Industrial
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: CORE
Listed By: Clay Hardy · License #SA930400
Source: Crexi
Added: Apr 6 Changed: Aug 31 Last Checked: Aug 31 at 2:04AM

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 CORE

Investment Insights

Based on property information with market context.

This 2,151 SF flex industrial unit, built in 1930, provides an open warehouse arrangement with high ceilings and an unobstructed floor area. Loading dock access, natural gas heat, and 3-phase power are in place, supporting practical day-to-day operations. The layout can accommodate uses such as light industrial work, food production, commissary kitchen operations, distribution, storage, and service businesses.

The property is located on Washington Avenue in Portland, near Tukey’s Bridge, I-295, and Route 1. Its position provides access to several primary transportation routes serving the area.

Key Highlights

  • 2,151± SF small bay flex industrial space
  • Open warehouse layout with high ceilings
  • Loading dock access

Property Analytics

Current Use

Lava Kava Bar & Pub

Suggested Use

Top Pick Hair Salon (Bike/Boat/Book/etc) Store Plumbing Service Nail Salon Carpet & Flooring Store Accounting Firm

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
Highway access
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

295
Businesses Nearby
Under-served
Demand for This Use

Demographics for 04103, ME

31,185
Population
14,336
Households
2.2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
10.2 sq mi
ZIP Area
3,057
Density / Sq Mi
$90,682
Median Household Income
$48,640
Median Earnings
$1,571
Median Rent
$421,800
Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Open-format space includes loading access, natural gas heat, and three-phase power for a range of commercial operations.
Where is this flex space located?
The property is located at 550 Washington Ave Portland, ME.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: 2,151± SF small bay flex industrial space; Open warehouse layout with high ceilings; Loading dock access
More about this property
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