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    160 Presumpscot St Portland, ME 04103

    Sponsored
    For Lease
    $17 SF/Yr ($15,029 /Mo)

    10,609 SF, 2-Story Flex Space

    Lot size:
    10,609 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Portland, Maine property at 160 Presumpscot Street offers a unique blend of office, retail, and industrial space, totaling 10,609 square feet. Situated on a generous 2.06-acre lot, this building boasts a prominent 186-foot frontage, providing excellent visibility and accessibility. Built in 1907 and extensively renovated in 2023, the property features a two-story structure with one freight elevator. The building is served by three-phase power (240/120 volts) and includes a convenient drive-in bay. The versatile space is ideal for a variety of uses, accommodating multiple tenants. Its zoning classification, IL - Low Impact Industrial, allows for a range of business operations. The property's location in Cumberland County, with a Portland address and 04103 zip code, offers easy access to major transportation routes and amenities. The property's features include a single freight elevator and ample space for various business needs. The extensive 2023 renovation ensures modern functionality and efficiency. The property's parcel identification number (APN) is Map 425, Block K, Lots 1-13. This is a rare opportunity to acquire a well-maintained, versatile property in a prime Portland location.

    Property Features for 160 Presumpscot St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,609 SF
    Total Rate
    15029.42

    Building Details

    Year Built/Renovated
    1907/2023
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    1A
    Size
    2,616 SF
    Rate per SF
    $17
    Space
    Basement Storage
    Size
    6,000 SF

    HighLights

    • 10,609 SF multi‑tenant building with office, retail, and industrial space available in Portland, ME.
    • 2,616 SF of office/flex/light industrial space remaining.
    • Recently completed (Spring 2024) full building renovation.
    • ADA‑compliant building with extra‑wide hallways for pallet handling.
    • Freight elevator and basement storage included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dorado Soapstone of Maine Granite Supplier Move ME Pilates ... Pilates Studio Forest Street Carpentry Carpenter JM Electric Contractor Meeting House Designs Contractor

    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
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.259910781278
    Latitude
    43.68714727113

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    FAQs

    What type of property is this?
    Distribution property - 10,609 SF, 2-Story Flex Space
    Where is this distribution property located?
    The property is located at 160 Presumpscot St Portland, ME.
    What is the lease rate?
    The lease rate is $0.00-$17 SF/Yr.
    What are key features of this property?
    This property features: 10,609 SF multi-tenant building with office, retail, and industrial space available in Portland, ME.; 2,616 SF of office/flex/light industrial space remaining.; Recently completed (Spring 2024) full building renovation.
    Request Owner's contact information
    160 Presumpscot St Portland, ME 04103
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    Portland, ME 04103
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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
    160 Presumpscot St Portland, ME 04103
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