Two-Story Office
762 Main Street South Portland, ME 04106
New
For Sale
$719,900
COMMERCIAL - South Portland, ME
Property Size2,736 SF
Lot Size0.22 Acres
Price / SF$263.12
Days on Market1
Property Features for 762 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- LB
- Rooms
- Basement
- Basement
- Unfinished, Partial, Full
- 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
- Heat Pump (Heating), Electric (Heating), Oil, Hot Water(Heating), Baseboard, Natural Gas, Steam
- Cooling system
- Wall Unit(s), Heat Pump
- Water source
- Public
Building Details
- Year built
- 1925
- Number of units
- 1
- Flooring type
- Wood, Carpet, Tile, Hardwood
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
Listing Agency:
Regency Realty Group
(207) 450-7653
Listed By:
Matthew Chamberlain
(207) 450-7653
Added: Jul 23
Last Checked: Jul 23 at 11:06PM
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.
Investment Insights
Based on property information with market context.
This two-story office building includes more than 2,700 square feet of office space. The main level features five individual offices and two conference rooms, supporting a range of office configurations. The second floor provides four additional offices.
The property is zoned LB. It sits on a 0.22-acre lot and is listed for sale.
Overall, the layout is structured around multiple private office rooms across two levels, with conference space available on the main floor.
The property is zoned LB. It sits on a 0.22-acre lot and is listed for sale.
Overall, the layout is structured around multiple private office rooms across two levels, with conference space available on the main floor.
Key Highlights
- Office building with 2,700+ SF of office space
- Main level includes 5 individual offices and 2 conference rooms
- Second floor includes 4 additional offices
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
Office buildings
FAQs
What type of property is this?
Office building - Two-story office building offering five individual offices and two conference rooms on the main level.
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 and 2 conference rooms; Second floor includes 4 additional offices
