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    2 Monument Sq Portland, ME 04101

    Sponsored
    For Lease
    $23 SF/Yr

    Class A Portland office space, 2 suites available

    Lot size:
    122,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This prestigious Class A office building, 2 Monument Square, offers exceptional executive office suites in the heart of Portland, Maine's financial district. Located just one block from the Federal and State Courthouses, this nine-story building boasts 122,000 square feet of total space, with two available suites ranging from 2,526 to 3,800 contiguous square feet. The minimum divisible space is 1,188 square feet, offering flexibility for various business needs. The building underwent renovations in 2021, ensuring modern amenities and a high-quality workspace. On-site and nearby garage parking is available for tenants. Building amenities include elevators. The 0.619-acre lot houses a total of three suites. This prime location offers easy access to major transportation routes and is surrounded by prominent businesses, including WSP, Dexter Enterprises, The Dunham Group, Monaghan Leahy, Bigelow Investment Advisors, US Army, US Coast Guard, Daigle Commercial Group, Ogletree, Petruccelli, Martin & Haddow, Pearce & Dow, and Epstien & O'Donovan. Currently, 7,514 square feet of space is vacant. This is an unparalleled opportunity to secure a highly desirable office space in a thriving downtown Portland location. Contact us today to schedule a viewing.

    Property Features for 2 Monument Sq

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    122,000 SF
    Class
    A
    Total Rate
    233833.33

    Building Details

    Year Renovated
    2021
    Stories
    9

    Unit(s) available at that property

    Space
    3rd Floor
    Size
    3,800 SF
    Rate per SF
    $23
    Space
    5th Floor_2
    Size
    2,526 SF
    Rate per SF
    $23

    HighLights

    • Class A office suites available for lease in a prestigious Portland, ME building.
    • Recently renovated with upgraded facade, entrances, elevators, parking garage, lobby, meeting room, and outdoor patio.
    • Excellent downtown Portland location, one block from Federal and State Courthouses.
    • Abundant natural light.
    • Heated granite exterior plaza.
    • First‑class finishes throughout.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hwt Inc Hospice Lauren Corey Consulting, ... Consultant Pearce, Dow & Burns, ... Attorney National Academy for State ... Non-Profit Organization Robinson Smith Wealth ... Financial Planner

    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
    -70.25822542
    Latitude
    43.65810796

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Portland office space, 2 suites available
    Where is this office property / space located?
    The property is located at 2 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: Class A office suites available for lease in a prestigious Portland, ME building.; Recently renovated with upgraded facade, entrances, elevators, parking garage, lobby, meeting room, and outdoor patio.; Excellent downtown Portland location, one block from Federal and State Courthouses.
    Request Owner's contact information
    2 Monument Sq 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
    2 Monument Sq Portland, ME 04101
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