Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    1 Canal Plz Portland, ME 04101

    Sponsored
    For Lease
    $29 SF/Yr

    Class A Office Space, Downtown Location

    Lot size:
    150,755 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    One Canal Plaza offers a unique opportunity to lease prime Class A office space in Portland's vibrant downtown core. This prestigious seven-story building, constructed in 1973, boasts a total of 150,755 square feet, with a significant portion currently vacant. The available space ranges from a minimum of 14,160 square feet to a maximum contiguous block of 42,475 square feet, ideal for a variety of business needs. Located between Middle and Fore Street, the building benefits from a prominent downtown address and exceptional visibility. Large windows throughout the space, particularly on floors 5-7 where the available space is located, provide stunning 180-degree views of Casco Bay, flooding the interior with natural light. The building is zoned B and offers convenient parking in the nearby Fore Street garage. The lease rate is $29.00 per square foot on a modified gross basis. This is a multi-tenant building with executive office and traditional office space available. The minimum divisible space is 14,160 square feet. Don't miss this chance to secure a highly desirable location for your business in the heart of Portland.

    Property Features for 1 Canal Plz

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    150,755 SF
    Class
    A
    Total Rate
    364324.58

    Building Details

    Year Built
    1973
    Stories
    7

    Unit(s) available at that property

    Space
    Available Space
    Size
    42,475 SF
    Rate per SF
    $29

    HighLights

    • 150,755 SF Class A office building, multiple tenants.
    • 42,475 SF of contiguous vacant space available, divisible to 14,160 SF.
    • Located in a prominent downtown location between Middle and Fore Street.
    • Offers impressive 180‑degree views of Casco Bay with ample natural light.
    • Parking available in nearby Fore Street garage.
    • Lease rate: $29.00/SF Modified Gross.
    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
    -70.255231252324
    Latitude
    43.656870194266

    Nearby Similar for Lease

    • $19 SF/Yr
      1,550 SF

      Waterfront Commercial Space on Portland Pier

      1,550 SF commercial space with harbor views.
      39 Portland Pier, Portland, ME 04101
      View Details
    • $40 SF/Yr
      800 SF

      Retail Space on Portland Waterfront

      Retail or service space with excellent waterfront visibility.
      1 Commercial St, Portland, ME 04101
      View Details
    • $8 SF/Yr
      5,442 SF

      Portland Office Space for Lease

      Flexible workspace solutions in prime location.
      400 Congress St, Portland, ME 04101
      View Details
    • $25 SF/Yr
      8,229 SF

      Downtown Portland Food Hall Space

      8,229 SF food hall in downtown Portland for lease.
      28 Monument Sq, Portland, ME 04101
      View Details
    • $10 SF/Yr
      20,725 SF

      Portland Retail/Flex/Industrial Space Available

      20,725-45,567± SF retail/flex/industrial space for lease in Portland.
      75 Northport Dr, Portland, ME 04103
      View Details
    • Contact for pricing
      15,360 SF

      Portland Mixed-Use Commercial Space

      Prime Portland location, office & warehouse space available.
      306 Warren Ave, Portland, ME 04103
      View Details
    • $30 SF/Yr
      6,300 SF

      Prime West Bayside Retail Space

      New construction, luxury location, patio space.
      52 Hanover St, Portland, ME 04101
      View Details
    • $4,295,000
      27,800 SF

      Downtown Portland Mixed-Use Building

      Mixed-use building with retail and residential units in downtown Portland.
      540 Congress St, Portland, ME 04101
      View Details
    • $26 SF/Yr
      7,500 SF

      Iconic Old Port Retail Space

      Prime retail location in the heart of Portland's waterfront district.
      373 Forest, Portland, ME 04101
      View Details
    • Contact for pricing
      120,000 SF

      New Class A Office Building

      New construction Class A office space in Rock Row development.
      100 Quarry Rd, Portland, ME 04103
      View Details
    • $450 /Mo
      325 SF

      Professional Office Space in Portland

      Bright office space in Portland's Old Port District.
      29 Exchange St, Portland, ME 04101
      View Details
    • $16 SF/Yr
      10,894 SF

      Portland Flex Space with Restaurant

      10,894± SF commercial space in Portland's popular neighborhood.
      123 Washington Ave, Portland, ME 04101
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Space, Downtown Location
    Where is this office property / space located?
    The property is located at 1 Canal Plz Portland, ME.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: 150,755 SF Class A office building, multiple tenants.; 42,475 SF of contiguous vacant space available, divisible to 14,160 SF.; Located in a prominent downtown location between Middle and Fore Street.
    Request Owner's contact information
    1 Canal Plz Portland, ME 04101
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 Canal Plz
    Portland, ME 04101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.