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    1 Canal Plz Portland, ME 04101

    Sponsored
    For Lease
    $30 SF/Yr

    139,800 SF, Multiple Tenants Available

    Lot size:
    139,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A retail property, located at 1 Canal Plaza in Portland, Maine, offers 139,800 square feet of prime street retail space. Situated on a 0.55-acre lot, this multi-tenant building boasts a highly desirable B-3 zoning classification, making it suitable for a variety of retail uses. The property features convenient elevator access, a significant advantage for both tenants and customers. Its central Portland location within Cumberland County, zip code 04101, ensures high visibility and accessibility. The building's substantial size and prime location present a unique opportunity for businesses seeking a prominent presence in a thriving urban market. This is an ideal investment for those looking to establish or expand their retail operations in a dynamic and well-connected area of Portland. The property's multiple tenancy allows for diverse income streams and flexible leasing options. The building's Class A designation reflects its high-quality construction and modern amenities. With its strategic location and impressive square footage, this property represents a rare opportunity to secure a significant retail presence in the heart of Portland. The 0.55-acre lot provides ample space for potential future development or expansion. Interested parties are encouraged to inquire for further details and leasing information.

    Property Features for 1 Canal Plz

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    139,800 SF
    Class
    A
    Total Rate
    349500

    Unit(s) available at that property

    Space
    Suite 101
    Size
    7,072 SF
    Rate per SF
    $30
    Space
    Suite 102
    Size
    4,284 SF
    Rate per SF
    $30
    Space
    Suite 201
    Size
    7,340 SF
    Rate per SF
    $30
    Space
    Suite 202
    Size
    5,386 SF
    Rate per SF
    $30
    Space
    Combined 101 & 201
    Size
    14,412 SF
    Rate per SF
    $30
    Space
    Combined 102 & 202
    Size
    9,670 SF
    Rate per SF
    $30

    HighLights

    • 139,800 SF of Class A retail space in a multi‑tenant building at 1 Canal Plaza, Portland, ME.
    • Located on a 0.55‑acre lot with B‑3 zoning, offering high visibility and accessibility in a prime downtown location.
    • Undergoing a $10 million renovation by Moshe Safdie, including new storefronts and an expansive lobby, attracting an elite tenant base.
    • Situated at the intersection of Portland's Old Port and financial districts, benefiting from high pedestrian traffic and convenient transit access.
    Property Profile Location Intelligence

    Current Use by Public Records

    John T Gorman ... Non-Profit Organization Bopp Fred W Attorney Thaxter Sidney F Lawyer 1-800 Office Solutions Copier Repair Service Senator Susan M ... State Government Office

    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
    -70.255229503095
    Latitude
    43.656868160338

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    FAQs

    What type of property is this?
    Individual retail property - 139,800 SF, Multiple Tenants Available
    Where is this individual retail property located?
    The property is located at 1 Canal Plz Portland, ME.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: 139,800 SF of Class A retail space in a multi-tenant building at 1 Canal Plaza, Portland, ME.; Located on a 0.55-acre lot with B-3 zoning, offering high visibility and accessibility in a prime downtown location.; Undergoing a $10 million renovation by Moshe Safdie, including new storefronts and an expansive lobby, attracting an elite tenant base.
    Request Owner's contact information
    1 Canal Plz 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
    1 Canal Plz Portland, ME 04101
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