Multi-Office Office
762 Main Street South Portland, ME 04106
762 Main Street, South Portland, ME, 04106
$719,900
For Sale
$719,900
COMMERCIAL - South Portland, ME
Property Size2,736 SF
Lot Size0.22 Acres
Price / SF$263.12
Days on Market59
Property Features for 762 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- LB
- Rooms
- Basement
- Basement
- Full, Unfinished, Partial
- Standard status
- Active
- Size
- 2,736 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4545
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Natural Gas, Heat Pump (Heating), Electric (Heating), Steam, Baseboard, Hot Water(Heating)
- Cooling system
- Wall Unit(s), Heat Pump
- Water source
- Public
Building Details
- Year built
- 1925
- Number of units
- 1
- Flooring type
- Carpet, Tile, Hardwood, Wood
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
Listing Agency
Regency Realty Group
(207) 450-7653
27 Gorham Road Suite 230, South Portland, ME
Listed by
Matthew Chamberlain
(207) 450-7653
Added: May 19 Checked: Jul 16 at 7:06 pm
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.
Investment Insights
Based on property information with market context.
This office building includes over 2,700 square feet of office space with five individual offices and two conference rooms on the main level, along with four additional offices on the second floor.
The property is located at 762 Main Street in South Portland, Maine. Zoning is listed as LB.
The layout is configured for professional use with dedicated office rooms and conference space distributed across both floors.
The property is located at 762 Main Street in South Portland, Maine. Zoning is listed as LB.
The layout is configured for professional use with dedicated office rooms and conference space distributed across both floors.
Key Highlights
- Office building with 2,700+ SF of office space
- Main level includes 5 individual offices plus 2 conference rooms
- Second floor adds 4 additional offices
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
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Office building offering multiple private offices and conference rooms across two levels.
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: Office building with 2,700+ SF of office space; Main level includes 5 individual offices plus 2 conference rooms; Second floor adds 4 additional offices
