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    120 Exchange St Portland, ME 04101

    For Lease
    $14 SF/Yr

    Portland, ME Class A Office Suites

    Lot size:
    126,435 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A office building, located at 120 Exchange Street in Portland, Maine's vibrant business district, offers a variety of flexible workspace options. The property, known as Post Office Square, boasts a total of 126,435 square feet across four stories in a single building. Currently, there are multiple tenancy options available, ranging from approximately 3,811 to 4,062 square feet. The building features modern amenities including elevators, and its prime location provides easy access to major thoroughfares such as Exchange Street, Federal Street, and Temple Street. Its central location places it adjacent to Portland City Hall, offering unparalleled convenience and visibility. The building is zoned B3 - Business Downtown, reflecting its suitability for a wide range of commercial uses. This landmark property in Cumberland County presents a unique opportunity for businesses seeking a prestigious and well-connected address in the heart of Portland's bustling downtown core. The building's traditional office spaces are complemented by executive office and coworking options, catering to diverse business needs and sizes. This is an exceptional opportunity to secure space in a highly sought-after location.

    Property Features for 120 Exchange St

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    126,435 SF
    Class
    A
    Total Rate
    147507.5

    Building Details

    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    Suite 420
    Size
    4,062 SF
    Rate per SF
    $14
    Space
    Suite 240
    Size
    3,811 SF
    Rate per SF
    $14

    HighLights

    • 3,049 - 4,062 SF of Class A office space available in Portland, ME.
    • Parking available at nearby landlord‑owned garage.
    • Lease rate: $14/SF Modified Gross (MG) plus utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ski Maine Association Non-Profit Organization Portland Ovations Arts Organization FABCO Industries, Inc. Manufacturer Landry & Associates Accounting Firm

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Law Firm Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.25677869
    Latitude
    43.65912137

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    FAQs

    What type of property is this?
    Coworking space - Portland, ME Class A Office Suites
    Where is this coworking space located?
    The property is located at 120 Exchange St Portland, ME.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 3,049 - 4,062 SF of Class A office space available in Portland, ME.; Parking available at nearby landlord-owned garage.; Lease rate: $14/SF Modified Gross (MG) plus utilities.
    Request Owner's contact information
    120 Exchange St Portland, ME 04101
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    Portland, ME 04101
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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
    120 Exchange St Portland, ME 04101
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