Two-Story Office Building with
762 Main Street South Portland, ME 04106
762 Main Street, South Portland, ME, 04106
$719,900
For Sale
$719,900
Two-story office building offers 11 rooms, accessible main entry, and paved parking for 13.
Property Size2,736 SF
Price / SF$263.12
Days on Market121
Property Features for 762 Main Street
General Information
- Standard status
- Active
- Size
- 2,736 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1925
Listing agency
Regency Realty Group
Listed by
Matthew Chamberlain
(603) 433-3350
Source
Greatislandrealty
Added: Mar 25 Updated: Jul 23 at 3:00AM Checked: Jul 23 at 3:00AM
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 Regency Realty Group
Investment Insights
Based on property information with market context.
This two-story office building features approximately 2,736 square feet of office space arranged as 11 rooms, including five individual offices and two conference rooms on the main level, plus four additional offices on the second floor. There are two bathrooms, with one on each level, and a walk-up attic for storage. The building also includes fiber optic cable for high-speed internet, a large street sign and marquee on site, and wheelchair-accessible access at the main entry. Two new heating systems are being installed.
The property offers major road frontage with more than 21,000 cars per day for visibility and includes paved parking for 13 vehicles. It is located about 1,000 feet from the entrance of 295 and I-95, with proximity to the Portland Jetport, Amtrak, and the Maine Mall. The site is described as being in a business district with public transport access and bus line service, and it is zoned Limited Business.
The property offers major road frontage with more than 21,000 cars per day for visibility and includes paved parking for 13 vehicles. It is located about 1,000 feet from the entrance of 295 and I-95, with proximity to the Portland Jetport, Amtrak, and the Maine Mall. The site is described as being in a business district with public transport access and bus line service, and it is zoned Limited Business.
Key Highlights
- Two‑story office building (built 1925) with 2 conference rooms and 5 individual offices on the main level plus 4 offices on the second floor
- Over 2,700 SF of office space with 11 total rooms, including 2 bathrooms—one on each level
- Major road frontage with traffic exceeding 21,000 cars per day
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 | $59.8k | $21.84 |
| − Vacancy | −$7.5k | −$2.75 |
| EGI | $52.2k | $19.09 |
| − OpEx | −$13.1k | −$4.77 |
| NOI | $39.2k | $14.32 |
2,736 SF · lease $21.84/SF/yr · vacancy 12.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$559.6K
$489.6K – $652.8K
NOI $39,169 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$752.0K
$658.0K – $877.3K
NOI $52,639 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Two-story office building offers 11 rooms, accessible main entry, and paved parking for 13.
Where is this office building located?
The property is located at 762 Main Street South Portland, ME.
What is the asking price?
The asking price for this property is $719,900.
What are key features of this property?
This property features: Two‑story office building (built 1925) with 2 conference rooms and 5 individual offices on the main level plus 4 offices on the second floor; Over 2,700 SF of office space with 11 total rooms, including 2 bathrooms—one on each level; Major road frontage with traffic exceeding 21,000 cars per day
