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254 Commercial St Portland, ME 04101

Sponsored
For Lease
$24 SF/Yr

Historic Portland waterfront office, 2 suites available.

Lot size:
95,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional Class A office building, Merrill's Wharf, offers unique opportunities for marine-related businesses. Located on Portland's vibrant waterfront, this meticulously renovated five-story building boasts 95,000 square feet of space, with two available suites ranging from 550 to 1,025 square feet. The building's historic charm is evident in its exposed beams and brick walls, complemented by modern upgrades. Recent renovations include energy-efficient windows, new HVAC systems, and upgraded lighting, ensuring both comfort and sustainability. Enjoy stunning views of Portland Harbor from this prime location. The building's strong tenant roster includes prominent firms like Pierce Atwood and Ocean Renewable Power Company, alongside an executive office center, creating a thriving and collaborative environment. Parking is conveniently available in nearby surface lots and garages. With a Walk Score of 87, this property offers unparalleled walkability to local amenities. The 1.33-acre lot is zoned WCZ - Waterfront Central, and the property's address is identified by APN Map 41, Block A, Lots 16, 17 & 18 in Cumberland County, within the Greater Portland submarket. This is a rare opportunity to secure office space in a prestigious, historically significant, and conveniently located building. Marine-related uses only.

Property Features for 254 Commercial St

General Information

Property type
Specialty properties
Lease Type
Gross Lease
RSF (Rentable sq. ft)
95,000 SF
Class
A
Total Rate
190000

Building Details

Stories
5

Unit(s) available at that property

Space
Suite 102
Size
1,025 SF
Rate per SF
$24
Space
Suite 103
Size
550 SF
Rate per SF
$32

HighLights

  • Class A, five‑story office building totaling 95,000 square feet on a 1.33‑acre lot.
  • Building features energy‑efficient upgrades, including new windows, HVAC systems, and lighting.
  • Prestigious tenant roster includes Pierce Atwood, Ocean Renewable Power Company, and an executive office center.
  • Parking available in nearby surface lots and garages (pricing available upon request).
  • Excellent walkability, boasting a Walk Score of 87.
Property Profile Location Intelligence

Current Use by Public Records

Foley Buhl Roberts ... Structural Engineer Sulloway & Hollis PLLC Legal Services Pierce Atwood LLP Attorney Kern Brenda Insurance Agency Beard Sarah H Lawyer

Suggested Use

Realty agency Restaurant Spa & Massage Dental Office 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
-70.2541198
Latitude
43.6535832

FAQs

What type of property is this?
Specialty property - Historic Portland waterfront office, 2 suites available.
Where is this specialty property located?
The property is located at 254 Commercial St Portland, ME.
What is the lease rate?
The lease rate is $24-$32 SF/Yr.
What are key features of this property?
This property features: Class A, five-story office building totaling 95,000 square feet on a 1.33-acre lot.; Building features energy-efficient upgrades, including new windows, HVAC systems, and lighting.; Prestigious tenant roster includes Pierce Atwood, Ocean Renewable Power Company, and an executive office center.
More about this property
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