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    121 Middle St Portland, ME 04101

    For Lease
    $45 SF/Yr

    Historic Charm, Modern Amenities, High Traffic

    Lot size:
    37,845 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 37,845 square foot, four-story retail building at 121 Middle Street offers a unique leasing opportunity in Cumberland County. Currently undergoing a historic rehabilitation, 2,482 square feet of first-floor space will be available for lease in June. This street-level storefront boasts ample natural light from expansive floor-to-ceiling windows, creating an inviting atmosphere for any business. The building's prime location places it adjacent to Free People and within easy walking distance of other high-profile retailers such as Cellardoor Winery, Judith, and Anthropologie. This vibrant and growing retail/urban area ensures high foot traffic and excellent visibility. The building features a 200 Amp 120/240 VOLT 3-Phase power system and elevators for convenient access to all four floors. The upper floors are occupied by The Docent's Collection, a luxury hospitality brand, further enhancing the prestige of the location. The property is zoned B3 & PAD and identified by APN Map 28, Block M, Lot 5001. Additional basement storage space may be available; inquire for details. This is an unparalleled chance to establish a presence in a thriving commercial district within a beautifully restored historic building.

    Property Features for 121 Middle St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    37,845 SF
    Total Rate
    141918.75

    Building Details

    Year Built
    1868
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    Suite 102
    Size
    2,482 SF
    Rate per SF
    $45

    HighLights

    • 2,482 SF of first‑floor retail space available for lease, adjacent to Free People.
    • Located in a thriving, urban retail area.
    • Excellent proximity to high‑profile tenants including Cellardoor Winery, Judith, and Anthropologie.
    • Upper floors occupied by The Docent's Collection, a luxury hospitality brand.
    • Abundant natural light from floor‑to‑ceiling windows.
    • Currently undergoing historic renovation; space available June; basement storage available (inquire with broker).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Simonelli Joanne Attorney Dr. Ronald E. ... Psychiatrist Dr. Joseph E. ... Psychiatrist Dr. Valerie A. Hart Registered General Nurse Portland Psychiatric Services Psychotherapist

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Law Firm Hair Salon Nail Salon 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
    -70.252677027232
    Latitude
    43.658768843854

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    FAQs

    What type of property is this?
    Retail property - Historic Charm, Modern Amenities, High Traffic
    Where is this retail property located?
    The property is located at 121 Middle St Portland, ME.
    What is the lease rate?
    The lease rate is $45 SF/Yr.
    What are key features of this property?
    This property features: 2,482 SF of first-floor retail space available for lease, adjacent to Free People.; Located in a thriving, urban retail area.; Excellent proximity to high-profile tenants including Cellardoor Winery, Judith, and Anthropologie.
    Request Owner's contact information
    121 Middle St 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
    121 Middle St Portland, ME 04101
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