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    97A Exchange St Portland, ME 04101

    For Lease
    $21 SF/Yr

    Prime Downtown Coworking & Office Suites

    Lot size:
    18,301 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional five-story building at 97A Exchange Street in Portland, Maine's vibrant Old Port district offers a unique blend of traditional office and modern coworking space. Built in 1860, this 18,301 square foot property sits on a 0.1-acre lot and is zoned B3 - Downtown Business PAD Overlay District (APN: Map 32, Block D, Lot 2001, Cumberland County). The building features circuit breaker power and convenient elevator access. Ideal for multiple tenants, this property presents a rare opportunity to secure a prominent location in a thriving submarket (Greater Portland). Its rich history combines seamlessly with modern amenities, making it perfect for businesses seeking a prestigious address and flexible workspace solutions. The building's single structure offers a cohesive and efficient layout, while its central location provides easy access to local amenities, transportation, and a dynamic business community. The property's classic architecture and updated interior create a unique and desirable work environment. This is a chance to establish your business in a landmark building within Portland's bustling downtown core. Inquire today to learn more about leasing opportunities within this historic and well-maintained property.

    Property Features for 97A Exchange St

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,301 SF
    Total Rate
    33170.56

    Building Details

    Year Built
    1860
    Buildings
    1
    Stories
    5

    Unit(s) available at that property

    Space
    Second Floor Office
    Size
    1,005 SF
    Rate per SF
    $21
    Space
    Second Floor Office
    Size
    425 SF
    Rate per SF
    $21
    Space
    Fourth Floor Office
    Size
    598 SF
    Rate per SF
    $21
    Space
    Fifth Floor Office
    Size
    1,485 SF
    Rate per SF
    $21

    HighLights

    • 18,301 SF five‑story office building in Portland, ME's Old Port, offering a mix of traditional and modern coworking space.
    • Available office spaces range from 425 SF to 1,485 SF.
    • Building features elevator access.
    • Prime location near City Hall, courthouses, the business district, and the Old Port.
    Property Profile Location Intelligence

    Current Use by Public Records

    FB Environmental Environmental Consultant Mulkerin Associates Real Estate One Warrior Won Association Or Organization The Cromwell Center for Disabilities ... Social Services Organization Zoll Eden Do Doctor

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Law Firm Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2556008
    Latitude
    43.658424

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    FAQs

    What type of property is this?
    Coworking space - Prime Downtown Coworking & Office Suites
    Where is this coworking space located?
    The property is located at 97A Exchange St Portland, ME.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: 18,301 SF five-story office building in Portland, ME's Old Port, offering a mix of traditional and modern coworking space.; Available office spaces range from 425 SF to 1,485 SF.; Building features elevator access.
    Request Owner's contact information
    97A Exchange 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
    97A Exchange St Portland, ME 04101
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