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    340 Presumpscot St Portland, ME 04103

    Sponsored
    For Lease
    $10 SF/Yr

    Prime Portland warehouse, ideal for distribution. Available Q3 2024.

    Lot size:
    24,962 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 24,962-square-foot warehouse and distribution facility is situated on a 1.61-acre lot in Portland, Maine. Built in 2007, the property boasts a single-tenant occupancy and offers significant space for various operational needs. The building features a 20-foot ceiling height, providing ample vertical storage capacity. Loading and unloading are facilitated by five loading docks and one dock-high door. The property includes substantial office space (approximately 1,800 square feet) and a mezzanine level offering an additional 3,000 square feet of storage. A significant portion of the building (16,702 square feet) is currently vacant and available for lease. The property also includes a 3,460-square-foot freezer space, making it suitable for a range of businesses requiring temperature-controlled storage. Power is supplied by two 400-amp, 3-phase electrical panels. The property is zoned Light Industrial (IL) and is conveniently located approximately one mile from I-295, providing easy access to major transportation routes. The property is available for lease in the third quarter of 2024. This is a rare opportunity to secure a well-appointed warehouse and distribution facility in a desirable Portland location. Cumberland County location.

    Property Features for 340 Presumpscot St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,962 SF
    Total Rate
    21321.71

    Building Details

    Year Built
    2007

    Unit(s) available at that property

    Space
    Available Space
    Size
    16,702 SF
    Rate per SF
    $10

    HighLights

    • 24,962 SF warehouse/distribution facility on 1.61‑acre lot in Portland, ME.
    • Five loading docks and one drive‑in door.
    • 3,460 SF freezer space, 1,800 SF office space, and 3,000 SF mezzanine storage.
    • Racking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pack Edge Inc. Manufacturer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store 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
    -70.2592873
    Latitude
    43.6940537

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    FAQs

    What type of property is this?
    Distribution property - Prime Portland warehouse, ideal for distribution. Available Q3 2024.
    Where is this distribution property located?
    The property is located at 340 Presumpscot St Portland, ME.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 24,962 SF warehouse/distribution facility on 1.61-acre lot in Portland, ME.; Five loading docks and one drive-in door.; 3,460 SF freezer space, 1,800 SF office space, and 3,000 SF mezzanine storage.
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    340 Presumpscot St 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
    340 Presumpscot St Portland, ME 04103
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