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    75 Market St Portland, ME 04101

    Sponsored
    For Lease
    $24 SF/Yr

    Prime Old Port Office Space Available

    Lot size:
    48,912 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional five-story office building, located at 75 Market Street in Portland's vibrant Old Port district, offers a unique opportunity for businesses seeking prestigious office space. Built in 1900, this landmark property boasts 48,912 square feet of meticulously maintained space, spread across a 0.23-acre lot. The building features two elevators for convenient access to all five floors. Multiple tenancy options are available, with suites ranging from approximately 1,483 square feet to approximately 4,968 square feet, catering to a variety of business needs and sizes. The building's prime location at the corner of Market and Middle Streets provides unparalleled visibility and accessibility. Its proximity to Tommy's Park, ample parking options, a diverse selection of restaurants and retail establishments, and the courthouse adds significant convenience and appeal. The property is zoned B-3 & PAD Overlay, offering flexibility for various commercial uses. The property's APN is Map 28, Block K, Lots 3-6, located in Cumberland County. This is a rare opportunity to secure a prominent presence in the heart of Portland's Old Port. The building's classic architecture and modern amenities combine to create an exceptional workspace. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 75 Market St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    48,912 SF
    Total Rate
    100881

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    5

    Unit(s) available at that property

    Space
    Suite 203
    Size
    2,801 SF
    Rate per SF
    $24
    Space
    Suite 204
    Size
    939 SF
    Rate per SF
    $24
    Space
    Suite 301
    Size
    1,964 SF
    Rate per SF
    $24
    Space
    Suite 401/404
    Size
    4,859 SF
    Rate per SF
    $24
    Space
    Suite 303
    Size
    2,168 SF
    Rate per SF
    $24
    Space
    Suite 403
    Size
    1,770 SF
    Rate per SF
    $24
    Space
    Suite 402
    Size
    1,483 SF
    Rate per SF
    $24
    Space
    Suite 305
    Size
    2,866 SF
    Rate per SF
    $24

    HighLights

    • Professional office suites available, 1,483 - 4,968 SF.
    • Excellent Old Port location at Market & Middle Streets, across from Tommy's Park.
    • Convenient to parking, restaurants, retail, and courthouse.
    • 48,912 SF office building, 5 stories, 2 elevators.
    • 0.23‑acre lot, built in 1900, B‑3 & PAD Overlay zoning.
    • Multiple tenants, 1 building, APN: Map 28, Block K, Lots 3‑6, Cumberland County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Maine Home & Design Professional Services Caliber Home Loans-Cynthia ... Mortgage Lender New American Funding ... Mortgage Lender Bennett Law Firm Law Firm IPX1031: Patricia Flowers, ... Financial Consultant

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Law Firm 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
    -70.254469634389
    Latitude
    43.658052893785

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Old Port Office Space Available
    Where is this neighborhood center located?
    The property is located at 75 Market St Portland, ME.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Professional office suites available, 1,483 - 4,968 SF.; Excellent Old Port location at Market & Middle Streets, across from Tommy's Park.; Convenient to parking, restaurants, retail, and courthouse.
    Request Owner's contact information
    75 Market 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
    75 Market St Portland, ME 04101
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