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    3 Canal Plz Portland, ME 04101

    For Lease
    $23 SF/Yr

    Prime Portland Office Space, Multiple Tenants

    Lot size:
    65,162 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional six-story office building, located at 3 Canal Plaza in Portland, Maine, offers 65,162 square feet of traditional office space. Situated on a 0.55-acre lot, this single building property is zoned B-3 Downtown Business, providing excellent access to the city's vibrant commercial core. The building features multiple tenancies, making it ideal for a variety of business needs. Convenient amenities include elevators for easy access to all six floors. The property's central location in Cumberland County, with a Portland, ME 04101 zip code, ensures high visibility and accessibility for employees and clients alike. This is a rare opportunity to acquire a substantial, well-maintained office building in a highly desirable downtown location. The building's size and zoning offer significant potential for future development or expansion. Its established tenant base provides a stable income stream, making it an attractive investment for discerning buyers. The property's prime location within Portland's business district offers unparalleled access to amenities, transportation, and a thriving workforce. This is a turnkey opportunity to own a significant piece of Portland's commercial real estate landscape. Interested parties are encouraged to inquire for further details and to schedule a viewing.

    Property Features for 3 Canal Plz

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    65,162 SF
    Total Rate
    127934.73

    Building Details

    Buildings
    1
    Stories
    6

    Unit(s) available at that property

    Space
    Suite 200
    Size
    10,502 SF
    Rate per SF
    $23

    HighLights

    • 10,502± SF of Class A office space available.
    • Adjacent parking garage with available lease spaces.
    • Walking distance to US District Court, Bankruptcy Court, Cumberland County Courthouse, and Portland City Hall.
    • Convenient proximity to Old Port and Financial District amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Libra Foundation Foundation Fidelity Investments Investment Service Verastequi Medical Group Medical Group Lincoln Housing Associates Local Government Office Fisher Charitable Foundation Charity

    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
    -70.2551651
    Latitude
    43.6571451

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Portland Office Space, Multiple Tenants
    Where is this office property / space located?
    The property is located at 3 Canal Plz Portland, ME.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: 10,502± SF of Class A office space available.; Adjacent parking garage with available lease spaces.; Walking distance to US District Court, Bankruptcy Court, Cumberland County Courthouse, and Portland City Hall.
    Request Owner's contact information
    3 Canal Plz 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
    3 Canal Plz Portland, ME 04101
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