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    165 Pleasant Ave South Portland, ME 04106

    Sponsored
    For Lease
    $8 SF/Yr

    44,400 SF Manufacturing/Warehouse Space

    Lot size:
    74,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional industrial property, located at 165 Pleasant Avenue in South Portland, Maine, offers 44,400 square feet of versatile manufacturing or warehouse space within a 74,400 square foot building situated on 2.5 acres of land. Built in 1962, the single-tenant building boasts a 22-foot ceiling height, providing ample vertical space for storage or operations. The property features convenient access to major transportation arteries, including I-295, I-95 Exit 45, and US Route One, ensuring efficient logistics and distribution. Three loading docks and three drive-in doors facilitate smooth and efficient loading and unloading operations. The property is located in the desirable Rumery Industrial Park in Cumberland County, offering a strategic location within South Portland's thriving industrial sector. The property is currently available for lease and presents a significant opportunity for businesses seeking a well-maintained, strategically located industrial space to accommodate their operational needs. The total building size is 74,400 square feet, with 44,400 square feet currently vacant. This property is ideal for a variety of manufacturing, warehouse, or distribution operations. The zip code is 04106.

    Property Features for 165 Pleasant Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    74,400 SF
    Total Rate
    49600

    Building Details

    Year Built
    1962
    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    44,000 SF
    Rate per SF
    $8

    HighLights

    • 44,400 SF of versatile manufacturing/warehouse space available for lease in a 74,400 SF building.
    • Three loading docks and three drive‑in doors.
    • Three‑phase electrical service.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    South Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.28654423
    Latitude
    43.62430367

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    FAQs

    What type of property is this?
    Distribution property - 44,400 SF Manufacturing/Warehouse Space
    Where is this distribution property located?
    The property is located at 165 Pleasant Ave South Portland, ME.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: 44,400 SF of versatile manufacturing/warehouse space available for lease in a 74,400 SF building.; Three loading docks and three drive-in doors.; Three-phase electrical service.
    Request Owner's contact information
    165 Pleasant Ave South Portland, ME 04106
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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
    165 Pleasant Ave South Portland, ME 04106
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