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    66 Pearl St Portland, ME 04101

    For Lease
    $21 SF/Yr

    Prestigious Old Port location, suites available

    Lot size:
    54,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    66 Pearl Street in Portland, Maine offers exceptional office space in a coveted Old Port location. This Class A building, constructed in 1900 and boasting 54,400 total square feet across three stories, presents a unique opportunity for businesses seeking a prestigious address. The property features a mix of executive and traditional office suites, with a total of four suites available. Currently, 11,696 square feet are vacant, offering flexibility for various tenant needs. Individual suites range from a minimum of 2,167 square feet to a maximum contiguous space of 6,698 square feet, accommodating businesses of different sizes. The building sits on a 0.56-acre lot and is zoned B3 and PAD. Its location within the Middle Street retail corridor provides unparalleled convenience, with easy walking access to numerous amenities including parking garages and lots, restaurants, banks, shops, City Hall, and the courthouse complex. The existing spaces feature high-quality finishes and trim, offering a sophisticated and professional environment. Opportunities exist for both expansion within existing spaces and tenant build-outs to customize the space to specific business requirements. This is an exceptional opportunity to establish a presence in one of Portland's most desirable business districts.

    Property Features for 66 Pearl St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    54,400 SF
    Class
    A
    Total Rate
    98600

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 211
    Size
    2,167 SF
    Rate per SF
    $24
    Space
    Suite 202
    Size
    2,874 SF
    Rate per SF
    $21
    Space
    Suite 212
    Size
    3,824 SF
    Rate per SF
    $28
    Space
    202/212
    Size
    6,698 SF
    Rate per SF
    $23
    Space
    Suite 324
    Size
    2,831 SF
    Rate per SF
    $21

    HighLights

    • Class A office building, 54,400 square feet, three stories, located in Portland, Maine's Old Port.
    • Four available suites totaling 11,696 square feet of vacant space.
    • Suites range from 2,167 to 6,698 contiguous square feet.
    • Located on a 0.56‑acre lot, B3 and PAD zoning.
    • Prime location in the Middle Street retail corridor, near amenities including parking, restaurants, and government buildings.
    • High‑quality finishes and potential for tenant build‑outs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DeskNet Inc. Software Company Mary Anne N. ... Psychologist Conedera Enes Family Counselor August Wealth Management, ... Financial Planner Publishers Clearing House Marketing Agency

    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
    -70.253457583556
    Latitude
    43.658314240241

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    FAQs

    What type of property is this?
    Office Property / Space - Prestigious Old Port location, suites available
    Where is this office property / space located?
    The property is located at 66 Pearl St Portland, ME.
    What is the lease rate?
    The lease rate is $21-$28 SF/Yr.
    What are key features of this property?
    This property features: Class A office building, 54,400 square feet, three stories, located in Portland, Maine's Old Port.; Four available suites totaling 11,696 square feet of vacant space.; Suites range from 2,167 to 6,698 contiguous square feet.
    Request Owner's contact information
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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
    66 Pearl St Portland, ME 04101
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