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    527 Ocean Ave Portland, ME 04103

    For Sale
    $675,000

    2,786 SF Office, Great Location

    Property size:
    2,786 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2-story, 2,786 square foot office condo at 527 Ocean Avenue in Portland, Maine, presents a fantastic investment opportunity. Built in 1987, this traditional office space boasts a highly functional layout ideal for a variety of businesses. The property features a spacious reception area, perfect for welcoming clients and guests. Multiple conference rooms provide ample space for meetings and presentations, while a convenient kitchenette caters to staff needs. The layout also includes a substantial workspace and eight to ten individual offices, offering flexibility for various team configurations. The property is zoned for commercial use, ensuring versatility and future development potential. Ample on-site parking is available, providing convenience for employees and visitors. The property is located in Cumberland County, Maine, with the address 527 Ocean Ave, Portland, ME 04103 (APN: Map 163 Block E Lot 3). The asking price is $675,000. This well-maintained property offers a blend of functionality and location, making it an attractive option for businesses seeking a comfortable and productive workspace in a desirable Portland location. Ownership is held by Ocean Aventure II LLC.

    Property Features for 527 Ocean Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,786 SF

    Building Details

    Year Built
    1987
    Stories
    2

    HighLights

    • 2,786 SF two‑story office condo in Portland, ME.
    • Highly functional layout suitable for various businesses.
    • Features reception area, multiple conference rooms, kitchenette, and 8‑10 private offices.
    • Commercial zoning allows for versatility and future development.
    • Ample on‑site parking.
    • Located at 527 Ocean Ave, Portland, ME 04103; Asking price: $675,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Roach Ruprecht Sanchez ... Civil Law Attorney Robidas Law, LLC Law Firm Atlantic Air Charter Aircraft Rental Service Stacy Brenner, CNM Midwife Jennifer Gilbert, CNM Midwife

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -70.2690519
    Latitude
    43.685065

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    FAQs

    What type of property is this?
    Office Property / Space - 2,786 SF Office, Great Location
    Where is this office property / space located?
    The property is located at 527 Ocean Ave Portland, ME.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: 2,786 SF two-story office condo in Portland, ME.; Highly functional layout suitable for various businesses.; Features reception area, multiple conference rooms, kitchenette, and 8-10 private offices.
    Request Owner's contact information
    527 Ocean Ave Portland, ME 04103
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    Portland, ME 04103
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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
    527 Ocean Ave Portland, ME 04103
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