Two-Story Office
For Sale
$650,000
762 Main Street, South Portland, ME 04106
Commercial Sale, South Portland, ME
Property Size2,736 SF
Lot Size0.22 Acres
Price / SF$237.57
Days on Market48
Property Features for 762 Main Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
LB
Rooms
Basement
Basement
Partial, Unfinished, Full
Lot features
Public Transport Access, Near Turnpike/ Interstate, Near Airport, Downtown, Business District, Bus Line, Near Shopping
Standard status
Active
Size
2,736 SF
Lot size
0.22 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4545
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating), Baseboard, Steam, Heat Pump (Heating), Hot Water(Heating), Oil
Cooling system
Heat Pump, Wall Unit(s)
Water source
Public
Building Details
Year built
1925
Number of units
1
Flooring type
Carpet, Hardwood, Wood, Tile
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
Regency Realty Group
(207) 253-1500
Listed By:
Matthew Chamberlain
(207) 450-7653
Added: Sep 10
Changed: Oct 27
Last Checked: Oct 27 at 5:06PM
MLS# 1658680
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.
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Investment Insights
Based on property information with market context.
This office building contains 2,736 square feet across two levels, with five individual offices and two conference rooms on the main floor plus four additional offices upstairs. The property also includes a basement and was built in 1925.
Located at 762 Main Street in South Portland, the property sits on a 0.22-acre lot and carries LB zoning. Wood-frame construction with vinyl siding, a shingle roof, and a combination of tile, carpet, hardwood, and wood flooring define the building. Public water and public sewer serve the property.
Located at 762 Main Street in South Portland, the property sits on a 0.22-acre lot and carries LB zoning. Wood-frame construction with vinyl siding, a shingle roof, and a combination of tile, carpet, hardwood, and wood flooring define the building. Public water and public sewer serve the property.
Key Highlights
- 2,736 SF office building on a 0.22‑acre lot
- Five offices and two conference rooms on the main level
- Four additional offices on the second floor
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
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Office property with multiple private rooms, conference areas, public utilities, and a basement.
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 SF office building on a 0.22‑acre lot; Five offices and two conference rooms on the main level; Four additional offices on the second floor
