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    151 Middle St Portland, ME 04101

    Sponsored
    For Lease
    $15 SF/Yr

    Historic Portland medical space for lease.

    Lot size:
    54,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story medical office building, located at 151 Middle Street in Portland, Maine, offers 54,400 square feet of space, with 5,796 square feet currently available for lease. Built in 1900, the building boasts a prime location in the heart of Portland's vibrant downtown, zoned B-3 (Downtown Business) and PAD (Pedestrian Activities Overlay). The property sits on a 0.56-acre lot and features attractive 9.1-foot ceilings throughout. Multiple tenants currently occupy the building, creating a thriving and established medical community. The building is equipped with elevators for convenient access to all three floors. This is a rare opportunity to secure space in a well-maintained, historically significant building in a high-demand area. The property's central location provides excellent visibility and accessibility for patients and staff. The building's existing infrastructure and established tenant base make it an ideal investment for medical professionals seeking a prestigious and functional workspace in the heart of Portland. The APN is 05170_028 K002, and the property is located in Cumberland County, Maine, zip code 04101. Inquire today to learn more about leasing opportunities.

    Property Features for 151 Middle St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    54,400 SF
    Total Rate
    71400

    Building Details

    Year Built
    1900
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 03/04
    Size
    5,796 SF
    Rate per SF
    $15

    HighLights

    • 5,796± SF of lower‑level retail space available for lease.
    • Located in a prime Portland, ME retail corridor with established tenants including Anthropologie, Athleta, and others.
    • Features ample natural light from large windows.
    • Excellent walkability to Old Port amenities, parking, and city services.
    Property Profile Location Intelligence

    Current Use by Public Records

    Casablanca Comics Comic Book Store Anthony's Italian Kitchen Italian Restaurant Athleta Children'S Clothing Store Blindsight Gallery Art Gallery

    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
    -70.2539083
    Latitude
    43.6585041

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    FAQs

    What type of property is this?
    Medical office - Historic Portland medical space for lease.
    Where is this medical office located?
    The property is located at 151 Middle St Portland, ME.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 5,796± SF of lower-level retail space available for lease.; Located in a prime Portland, ME retail corridor with established tenants including Anthropologie, Athleta, and others.; Features ample natural light from large windows.
    Request Owner's contact information
    151 Middle 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
    151 Middle St Portland, ME 04101
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