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    565 Congress St Portland, ME 04101

    For Lease
    $9 SF/Yr

    Historic building, 4,400 sq ft available

    Lot size:
    54,544 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 4,400 square foot office suite is situated in a three-story, historic building in Portland's vibrant downtown core, nestled within the financial and arts district. The space is part of a larger multi-tenant building totaling 54,544 square feet, offering a blend of classic charm and modern convenience. The suite boasts high ceilings, preserved period details, and expansive windows overlooking Congress Street, providing abundant natural light and city views. Currently, 4,400 square feet is the minimum and maximum contiguous space available. The building is undergoing lobby renovations, which include new flooring, updated lighting, and elevator improvements, enhancing the overall aesthetic and functionality. The building is zoned B3 - Downtown Business, under Cumberland County APN 037-A-38. This presents a unique opportunity to secure highly competitive lease rates at $9.75 per square foot, modified gross, a significant advantage for businesses seeking prime downtown Portland location. The building features a traditional office layout and is easily divisible into smaller spaces, starting at 4,400 square feet. The building also includes elevators for convenient access to all three floors.

    Property Features for 565 Congress St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    54,544 SF
    Total Rate
    44317

    Building Details

    Stories
    3

    Unit(s) available at that property

    Space
    Suite 300
    Size
    4,400 SF
    Rate per SF
    $9

    HighLights

    • 54,544 square foot, three‑story office building.
    • 4,400 square foot office suite available for lease.
    • Minimum divisible space: 4,400 square feet; maximum contiguous space: 4,400 square feet.
    • Located in Portland's downtown financial/arts district.
    • Building features high ceilings, period details, and large windows.
    • Lobby undergoing renovations including new flooring, lighting, and elevator upgrades.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Maine Citizens for Clean ... Association Or Organization Junior Achievement of Maine Non-Profit Organization Porter Hamel Group ... Consultant India Palace Indian Restaurant Maine People's Resource ... Non-Profit Organization

    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
    -70.26214611
    Latitude
    43.65501716

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    FAQs

    What type of property is this?
    Office Property / Space - Historic building, 4,400 sq ft available
    Where is this office property / space located?
    The property is located at 565 Congress St Portland, ME.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 54,544 square foot, three-story office building.; 4,400 square foot office suite available for lease.; Minimum divisible space: 4,400 square feet; maximum contiguous space: 4,400 square feet.
    Request Owner's contact information
    565 Congress St Portland, ME 04101
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    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
    565 Congress St Portland, ME 04101
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