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    1 Monument Sq Portland, ME 04101

    For Lease
    $23 SF/Yr

    Prestigious Portland Office Space Available

    Lot size:
    124,658 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A office building, 1 Monument Square, offers multiple tenancy opportunities in Portland, Maine's vibrant downtown business district. Located at the historic Monument Square, this 10-story building boasts 124,658 square feet of total space, with two immediately available suites ranging from 9,765 to 12,670 square feet. Built in 1970 and extensively renovated in 2010, the property features modern amenities and a prime location. The building is zoned B3 (Business District) and sits on a 0.36-acre lot (APN: Map 32, Block K, Lot 12, Cumberland County). Tenants will benefit from convenient access to numerous amenities and services within Portland's bustling downtown core. The building includes elevators for easy access to all floors. This is an unparalleled opportunity to secure high-quality office space in a highly sought-after location. The property's strategic placement within the heart of Portland's business district ensures excellent visibility and accessibility. The building's modern design and recent renovations provide a comfortable and efficient work environment. The available spaces are ideal for businesses seeking a prestigious address and a functional, well-maintained workspace. Contact us today to learn more about leasing opportunities.

    Property Features for 1 Monument Sq

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    124,658 SF
    Class
    A
    Total Rate
    238927.83

    Building Details

    Year Built/Renovated
    1970/2010
    Stories
    10

    Unit(s) available at that property

    Space
    2nd Floor
    Size
    9,765 SF
    Rate per SF
    $23
    Space
    3rd Floor
    Size
    12,670 SF
    Rate per SF
    $23

    HighLights

    • 10‑story, 124,658 SF Class A office building with two suites available (9,765 - 12,670 SF) in Portland, ME's Monument Square.
    • Prime location near Portland's Old Port District and Working Waterfront.
    • Nearby restaurants include David's, Public Market House, and Shay's Grill Pub.
    • Lease rate: $23.00/SF MG.
    • Four elevators.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Putney Inc. Pharmaceutical Company Manheimer Jacob A Attorney Ruprecht Clifford H Lawyer Clifford & Clifford Law ... Employment Attorney Michael P. Boyd, ... Attorney

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2583144
    Latitude
    43.6576017

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    FAQs

    What type of property is this?
    Office space - Prestigious Portland Office Space Available
    Where is this office space located?
    The property is located at 1 Monument Sq Portland, ME.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: 10-story, 124,658 SF Class A office building with two suites available (9,765 - 12,670 SF) in Portland, ME's Monument Square.; Prime location near Portland's Old Port District and Working Waterfront.; Nearby restaurants include David's, Public Market House, and Shay's Grill Pub.
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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
    1 Monument Sq Portland, ME 04101
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