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    190 Lancaster St Portland, ME 04101

    For Lease
    Contact for pricing

    Historic Portland office space, divisible units.

    Lot size:
    49,204 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional three-story office building, located at 190 Lancaster Street in Portland, Maine, offers 49,204 square feet of flexible traditional office space. Built in 1920, the property sits on a 0.88-acre lot and is zoned B3. The building features multiple tenancies, allowing for a variety of configurations to suit diverse business needs. Units are subdividable down to a minimum of 2,500 square feet, with a maximum contiguous space of 11,500 square feet. The building includes elevators for convenient access to all three floors. Ample on-site parking is available for tenants and their clients. The property's address is 190 Lancaster St, Portland, ME 04101, and its Assessor's Parcel Number (APN) is Map 33, Block G, Lot 2, within Cumberland County. This landmark building presents a unique opportunity for businesses seeking a prestigious and well-located office space in the heart of Portland. Its classic architecture and modern amenities combine to create a desirable and functional workspace. The property's size and divisibility make it suitable for a range of businesses, from small startups to larger corporations seeking expansion opportunities. Inquire today to learn more about this exceptional Portland office building.

    Property Features for 190 Lancaster St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    49,204 SF

    Building Details

    Year Built
    1920
    Stories
    3

    Unit(s) available at that property

    Space
    Office Space
    Size
    11,500 SF

    HighLights

    • 190 Lancaster Street, Portland, ME 04101, a three‑story, 49,204 square foot office building on a 0.88‑acre lot.
    • B3 zoning allows for flexible use.
    • Multiple tenancies, subdividable units (minimum 2,500 SF, maximum contiguous 11,500 SF).
    • Elevators and ample on‑site parking.
    • Assessor's Parcel Number: Map 33, Block G, Lot 2, Cumberland County.
    Property Profile Location Intelligence

    Current Use by Public Records

    WIC - Women, Infants, ... Non-Profit Organization The Opportunity Alliance Non-Profit Organization Goodwill Workforce Solutions Employment Agency F&A Sabatino Free Clinic Sweetser Portland Office Mental Health Service

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2620239
    Latitude
    43.6595982

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Portland office space, divisible units.
    Where is this office property / space located?
    The property is located at 190 Lancaster St Portland, ME.
    What are key features of this property?
    This property features: 190 Lancaster Street, Portland, ME 04101, a three-story, 49,204 square foot office building on a 0.88-acre lot.; B3 zoning allows for flexible use.; Multiple tenancies, subdividable units (minimum 2,500 SF, maximum contiguous 11,500 SF).
    Request Owner's contact information
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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
    190 Lancaster St Portland, ME 04101
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