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    236 Gannett Dr South Portland, ME 04106

    For Lease
    $13 SF/Yr ($8,666 /Mo)

    8,000 SF Single-Tenant Office Building in Cummings Road Business Park

    Lot size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 8,000-square-foot office and flex building, located at 236 Gannett Drive in South Portland, Maine, presents a unique leasing opportunity. Situated on a 2.6-acre lot within the Cummings Road Business Park, this single-tenant property offers unparalleled convenience and accessibility. Built in 1998, the building boasts ample parking with approximately 36 spaces available. The property's zoning is designated as IL - Light Industrial, providing flexibility for a variety of business uses. The building's well-maintained condition is a key advantage, and its fenced exterior offers added security and privacy, making it particularly suitable for businesses requiring secure outdoor space. The location provides easy access to major transportation arteries, including the Maine Turnpike/I-95 and I-295, ensuring seamless commutes for employees and clients. The entire 8,000 square feet is currently vacant and ready for immediate occupancy. This property represents a rare opportunity to secure a substantial, well-located office and flex space in a thriving business park. The property's features and location combine to create an ideal environment for a variety of businesses seeking a functional and accessible space in South Portland, Maine. The zip code is 04106, and the property is located in Cumberland County.

    Property Features for 236 Gannett Dr

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,000 SF
    Total Rate
    8666.67

    Building Details

    Year Built
    1998

    Unit(s) available at that property

    Space
    Available Space
    Size
    8,000 SF
    Rate per SF
    $13

    HighLights

    • 8,000 SF office/flex building in Cummings Road Business Park, South Portland, ME.
    • 4.5 parking spaces per 1,000 SF.
    • Fenced exterior.
    • ~2 miles to Maine Mall, I‑95, and I‑295.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Dental Office Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3576076
    Latitude
    43.6403383

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    FAQs

    What type of property is this?
    Flex space - 8,000 SF Single-Tenant Office Building in Cummings Road Business Park
    Where is this flex space located?
    The property is located at 236 Gannett Dr South Portland, ME.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: 8,000 SF office/flex building in Cummings Road Business Park, South Portland, ME.; 4.5 parking spaces per 1,000 SF.; Fenced exterior.
    Request Owner's contact information
    236 Gannett Dr South Portland, ME 04106
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    236 Gannett Dr South Portland, ME 04106
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