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    565 Congress St Portland, ME 04101

    For Lease
    $14 SF/Yr

    Historic building, flexible office space, prime location.

    Lot size:
    54,544 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional three-story, 54,544 square foot executive office building, constructed in 1900, is situated in the heart of Portland's vibrant financial and arts district at 565 Congress Street. The property boasts a prime location and offers a range of office suites, with sizes varying from approximately 257 square feet to approximately 1,545 square feet, allowing for flexibility to accommodate diverse business needs. The minimum divisible space is 580 square feet, with a maximum contiguous space of 580 square feet. The building features attractive architectural details, including high ceilings and large windows offering abundant natural light and views of Congress Street. The building is currently undergoing lobby renovations, which include new flooring and lighting, and an updated elevator. The building sits on a 0.39-acre lot and is zoned B-3. The property includes one elevator and is comprised of one building with three stories. On-site parking may be available in a landlord-owned lot at market rates. The APN is 037-A-38, located in Cumberland County. This is a unique opportunity to secure office space in a landmark building within a thriving downtown area.

    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
    63861.93

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 202
    Size
    530 SF
    Rate per SF
    $19
    Space
    Suite 206B
    Size
    1,025 SF
    Rate per SF
    $14
    Space
    Suite 206A
    Size
    995 SF
    Rate per SF
    $15
    Space
    Suite 207
    Size
    365 SF
    Rate per SF
    $18
    Space
    Suite 208
    Size
    257 SF
    Rate per SF
    $17
    Space
    Suite 308
    Size
    580 SF
    Rate per SF
    $16
    Space
    Suite 310
    Size
    580 SF
    Rate per SF
    $17
    Space
    Suites 301-303
    Size
    1,545 SF
    Rate per SF
    $18

    HighLights

    • 54,544 SF office building in Downtown Portland.
    • Executive suites available, ranging from 580 SF to 1,545 SF.
    • Centrally located in Portland's financial/arts district.
    • Historic building with high ceilings, period details, and large windows.
    • Lobby renovation underway, including new flooring, lighting, and elevator upgrades.
    • Potential for on‑site parking in a landlord‑owned lot.
    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
    -70.2623167
    Latitude
    43.6551683

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    FAQs

    What type of property is this?
    Office Property / Space - Historic building, flexible office space, prime location.
    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 $14-$19 SF/Yr.
    What are key features of this property?
    This property features: 54,544 SF office building in Downtown Portland.; Executive suites available, ranging from 580 SF to 1,545 SF.; Centrally located in Portland's financial/arts district.
    Request Owner's contact information
    565 Congress St 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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