Two-Story Office
For Sale
$650,000
762 Main Street, South Portland, ME 04106
Limited Business zoning and an accessible main entrance support a range of office configurations across two floors.
Property Size2,736 SF
Price / SF$237.57
Days on Market200
Property Features for 762 Main Street
General Information
Standard status
Active
Size
2,736 SF
Total Parking Spaces
13
Property subtype
Commercial
Zoning
LB
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$4,545
Amenities
fiber optic cable
high speed internet
large street sign
marquee
wheel chair accessible
walk up attic
Building Details
Building Size
2,736 SF
Year Built
1925
Buildings
1
Stories
2
Listing Agency:
Regency Realty Group
(207) 253-1500
Listed By:
Matthew Chamberlain
(207) 450-7653
Source:
Amerorealty
Added: Apr 21
Changed: Oct 31
Last Checked: Nov 6 at 2:32AM
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
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Investment Insights
Based on property information with market context.
This 2,736-square-foot office building, constructed in 1925, contains 11 rooms across two levels. The main floor has five private offices and two conference rooms; the upper floor adds four offices. One bathroom is located on each level, and a walk-up attic provides storage. Two heating systems are being installed. Other features include fiber-optic cable, a large street sign with marquee, and a wheelchair-accessible main entrance. Paved parking accommodates 13+ vehicles.
The property has frontage on Main Street, with reported traffic of more than 21,000 cars per day. It is 1,000 feet from the entrances to 295 and I-95, 4.5 miles from Portland Jetport, 3 miles from Amtrac, and 2 miles from Maine Mall. Zoning is Limited Business (LB).
The property has frontage on Main Street, with reported traffic of more than 21,000 cars per day. It is 1,000 feet from the entrances to 295 and I-95, 4.5 miles from Portland Jetport, 3 miles from Amtrac, and 2 miles from Maine Mall. Zoning is Limited Business (LB).
Key Highlights
- 2,736‑square‑foot office building built in 1925
- 11 rooms: five offices and two conference rooms on the main level, plus four offices upstairs
- Paved parking for 13+ vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,169
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$783,380
$783.4K
Cap Rate 7%
$559,557
$559.6K
Cap Rate 9%
$435,211
$435.2K
Market Conditions
NOI Build-Up for 2,736 SF
Gross rent
$59.8K $21.84/SF
− Vacancy
−$7.5K −$2.75/SF
EGI
$52.2K $19.09/SF
− OpEx
−$13.1K −$4.77/SF
NOI
$39.2K $14.32/SF
Area
Cumberland County, ME
Vacancy
12.60%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$783,380
Cap Rate 7%
$559,557
Cap Rate 9%
$435,211
Alternative Uses
Best Use
Office B
$559.6K
$489.6K – $652.8K
NOI $39,169 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$752.0K
$658.0K – $877.3K
NOI $52,639 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
Explore this area
Business Placement
Demographics for 04106, ME
26,641
Population
12,849
Households
2.1
Avg Household Size
41
Median Age
49%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
2,184
Density / Sq Mi
$83,744
Median Household Income
$47,818
Median Earnings
$1,642
Median Rent
$403,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Cumberland County, ME
Properties on Market for Office buildings in Cumberland County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Limited Business zoning and an accessible main entrance support a range of office configurations across two floors.
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 $650,000.
What are key features of this property?
This property features: 2,736‑square‑foot office building built in 1925; 11 rooms: five offices and two conference rooms on the main level, plus four offices upstairs; Paved parking for 13+ vehicles
