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    41 Hutchins Dr Portland, ME 04102

    For Lease
    $12 SF/Yr

    52,824 SF Office Space Available

    Lot size:
    52,824 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional Class A office campus, situated on 6.65 acres in Portland's desirable Stroudwater neighborhood, offers 52,824 square feet of flexible office space. The property features three separate, three-story brick buildings, each offering ample natural light. Currently, 38,227 square feet is immediately available, divisible into units as small as 5,705 square feet, providing options for businesses of various sizes. The campus boasts 162 paved parking spaces, a passenger elevator, and is professionally managed and landscaped. Conveniently located near Congress Street, the property benefits from IM zoning, allowing for diverse potential uses. Internal amenities include large meeting rooms, a fitness facility, and a cafeteria. Built in 1986, this well-maintained property presents a unique opportunity for businesses seeking a prestigious and functional workspace in a tranquil setting. The property's address is 41 Hutchins Drive, Portland, Cumberland County, and is identified by APN: Map 238A, Block A, Lot 1; Map 239, Block A, Lot 4; Map 240, Block A, Lot 1.

    Property Features for 41 Hutchins Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    52,824 SF
    Class
    A
    Total Rate
    52824

    Building Details

    Year Built
    1986
    Buildings
    3
    Stories
    3

    Unit(s) available at that property

    Space
    Entire Building
    Size
    38,227 SF
    Rate per SF
    $12

    HighLights

    • Class A office campus totaling 52,824 square feet.
    • Three‑building complex offering 38,227 square feet of contiguous vacant space, divisible down to 5,705 square feet.
    • Located on a 6.65‑acre lot at 41 Hutchins Drive, Portland, Maine, near Congress Street.
    • Features 162 parking spaces and one passenger elevator.
    • Built in 1986, with flexible IM zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Woodard & Curran Inc Engineering Consultant GCMD : Granular Creative ... Graphic Designer Cambridge Water Technology Engineer

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Hair Salon Auto Repair Shop Wholesale Shop Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3365478
    Latitude
    43.6524635

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    FAQs

    What type of property is this?
    Office Property / Space - 52,824 SF Office Space Available
    Where is this office property / space located?
    The property is located at 41 Hutchins Dr Portland, ME.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Class A office campus totaling 52,824 square feet.; Three-building complex offering 38,227 square feet of contiguous vacant space, divisible down to 5,705 square feet.; Located on a 6.65-acre lot at 41 Hutchins Drive, Portland, Maine, near Congress Street.
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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
    41 Hutchins Dr Portland, ME 04102
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