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Class A Office Building
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70 Gray Road, Falmouth, ME 04105

143,000± SF Class A office building in Falmouth, Maine.

Property Size143,000 SF
Lot Size11.27 Acres
Days on Market826

Property Features for 70 Gray Road

General Information

Standard status Active
Size 143,000 SF
Class A
Total Parking Spaces 600
Lot size 11.27 Acres
Property subtype Office
Zoning WFCMPD (West Falmouth Crossing Master Planned Development)
Lease Type NNN

Building Details

Year Built 2001
Year Renovated 2018
Buildings 1
Stories 3
Tenancy Single
Listing Agency: The Dunham Group
Listed By: Bryan Plourde, MAI · License #SA927310
Source: Crexi
Added: May 28, 2024 Changed: Aug 31 Last Checked: Aug 31 at 11:08AM

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 Dunham Group

Investment Insights

Based on property information with market context.

The property at 70 Gray Road is a 143,000± square foot Class A office building situated on 11.27± acres of land in Falmouth, Maine. Its location offers convenient access at Exit 53 of the Maine Turnpike and is directly across from the West Falmouth Hannaford retail complex. The property underwent a multi-million-dollar renovation in 2018, resulting in modern, high-end finishes. The building features large, open floor plates and ample on-site parking, making it suitable for various uses. The current tenant is scheduled to vacate the premises as of January 1, 2025.

Key Highlights

  • Class A office building featuring modern, high‑end finishes after a multi‑million‑dollar renovation in 2018.
  • Conveniently located at Exit 53 of the Maine Turnpike, across from the West Falmouth Hannaford retail complex.
  • Large, open floor plates suitable for various uses.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Big Box & Wholesale Store Auto Repair Shop Real Estate Agency HVAC Service Electrical Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

203
Businesses Nearby

Demographics for 04105, ME

12,406
Population
5,332
Households
2.3
Avg Household Size
48
Median Age
70%
College-Educated
98%
High-School Grad
29.3 sq mi
ZIP Area
423
Density / Sq Mi
$131,833
Median Household Income
$69,303
Median Earnings
$2,070
Median Rent
$669,500
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 building - 143,000± SF Class A office building in Falmouth, Maine.
Where is this office building located?
The property is located at 70 Gray Road Falmouth, ME.
What are key features of this property?
This property features: Class A office building featuring modern, high‑end finishes after a multi‑million‑dollar renovation in 2018.; Conveniently located at Exit 53 of the Maine Turnpike, across from the West Falmouth Hannaford retail complex.; Large, open floor plates suitable for various uses.
(207) 773-7100 Call to check price and availability
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