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    78 Atlantic Pl South Portland, ME 04106

    Sponsored
    For Lease
    $9 SF/Yr ($18,802 /Mo)

    16,912 SF Class A Office Sublease

    Lot size:
    23,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional sublease opportunity presents 16,912 square feet of Class A office space in a prime South Portland location. Situated within a 23,750 square foot building, this single-story property boasts recently completed renovations, including new sidewalks, landscaping, signage, repaved parking, upgraded exterior and security lighting, roof repairs, HVAC replacements, electric vehicle charging stations, and updated common areas. The property is professionally managed and offers convenient, free on-site parking at a rate of 5.00 per 1,000 square feet. Located in Cumberland County's Greater Portland submarket, this space is ideally situated near the Maine Mall, I-295, the Maine Turnpike, and Portland Jetport, providing easy access to major transportation routes and amenities. The zoning is CCR - Central & Regional Commercial District, and the property is identified by APN Map 67, Lot 9. Flexible lease terms are available for spaces ranging from 4,000 to 16,912 square feet. The lease rate is $13.75 per square foot, NNN. This is a rare opportunity to secure high-quality office space in a thriving Maine business community. The property address is 78 Atlantic Pl, South Portland, ME 04106.

    Property Features for 78 Atlantic Pl

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,750 SF
    Class
    A
    Total Rate
    18802.08

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Sublease Office Space
    Size
    16,912 SF
    Rate per SF
    $9
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    South Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3293413
    Latitude
    43.6381874

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    FAQs

    What type of property is this?
    Office Property / Space - 16,912 SF Class A Office Sublease
    Where is this office property / space located?
    The property is located at 78 Atlantic Pl South Portland, ME.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    Request Owner's contact information
    78 Atlantic Pl South Portland, ME 04106
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    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
    78 Atlantic Pl South Portland, ME 04106
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