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    157 Middle St Portland, ME 04101

    Sponsored
    For Lease
    $27 SF/Yr

    Prime Portland retail, 48,912 sq ft, multiple tenants.

    Lot size:
    48,912 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 157 Middle Street in Portland, Maine, presents a unique investment opportunity. The five-story building, constructed in 1990, boasts a substantial 48,912 square feet of leasable space, ideal for multiple tenants. Situated on a 0.23-acre lot, the property benefits from its prominent street-level location and high visibility. The building features two passenger elevators, ensuring convenient access to all five floors. The zoning designation is B-3 & PAD, offering flexibility for a variety of retail uses. The property's address is 157 Middle Street, Portland, ME 04101, and its location is further identified by APN Map 28, Block K, Lot 306 in Cumberland County. This prime retail space is ready for immediate occupancy and offers significant potential for growth and profitability. The building's single structure and convenient elevator access make it an attractive option for a variety of retail businesses. Its central location in Portland, Maine, provides excellent access to a large customer base and ample foot traffic. This is a rare opportunity to acquire a substantial retail property in a thriving urban market. The property's size and location make it an ideal investment for both established businesses and new ventures seeking a high-profile presence in Portland.

    Property Features for 157 Middle St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    48,912 SF
    Total Rate
    113924.2

    Building Details

    Year Built
    1990
    Buildings
    1
    Stories
    5

    Unit(s) available at that property

    Space
    Suite 104, G03 & G02
    Size
    5,155 SF
    Rate per SF
    $27

    HighLights

    • High‑visibility retail space in Portland, ME's Old Port district.
    • Up to 5,155 square feet available, divided across two levels.
    • Floor‑to‑ceiling windows provide abundant natural light.
    • Excellent location near other high‑end retailers, parking, and city amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Maine Art Collective Art Gallery Faribault Mill Portland ... Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.254007244651
    Latitude
    43.6580350134

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    FAQs

    What type of property is this?
    Individual retail property - Prime Portland retail, 48,912 sq ft, multiple tenants.
    Where is this individual retail property located?
    The property is located at 157 Middle St Portland, ME.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: High-visibility retail space in Portland, ME's Old Port district.; Up to 5,155 square feet available, divided across two levels.; Floor-to-ceiling windows provide abundant natural light.
    Request Owner's contact information
    157 Middle 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
    157 Middle St Portland, ME 04101
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