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

    244 Western Ave South Portland, ME 04106

    For Sale
    Contact for pricing

    17,071 SF Medical Office, Ample Parking

    Property size:
    17,071 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 17,071 square foot medical office building, situated on a 2.61-acre lot in South Portland, Maine, presents a unique investment opportunity. Built in 1976, the single-building property is zoned CS - Suburban Commercial and features ample on-site parking accommodating approximately 92 vehicles. The property boasts excellent visibility, providing a highly desirable location for medical practices. The interior layout includes eleven exam rooms, three treatment rooms, and two operating rooms, offering significant flexibility for various medical specialties. The property is located at 244 Western Avenue, South Portland, ME 04106 (APN: Map 67, Lot 20) and is currently owned by 244 Western Avenue Associates, LLC. The building is subdividable, allowing for potential expansion or the creation of smaller, independent medical suites. The property is also available for lease, commencing Summer 2025. This prime location and versatile layout make this a compelling investment for those seeking a well-established medical office building in a thriving Maine community.

    Property Features for 244 Western Ave

    General Information

    Property type
    Medical offices
    Square Feet
    17,071 SF
    Lot Size
    113,692 SF

    Building Details

    Year Built
    1976
    Buildings
    1

    HighLights

    • 17,071 SF medical office building on a 2.61‑acre lot in South Portland, ME.
    • Subdividable building with ample on‑site parking (approx. 92 spaces).
    • High visibility and excellent signage opportunities.
    • Features 11 exam rooms, 3 treatment rooms, and 2 operating rooms.
    • Available for sale, also for lease in Summer 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    South Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.324835615145
    Latitude
    43.637172106618

    Nearby Similar for Sale

    • $895,000
      3,996 SF

      South Portland Multifamily with Business Suite

      Four units, including business suite, on large landscaped lot.
      311 Ocean St, South Portland, ME 04106
      View Details
    • $560,000
      4,370 SF

      Mixed-Use Property in South Portland

      Mixed-use property with office spaces and apartment in South Portland.
      854 Broadway, South Portland, ME 04106
      View Details
    • $560,000
      0.23 Acres

      Mixed-Use Property in South Portland

      Mixed-use property with office spaces and apartment in South Portland.
      854 Broadway, South Portland, ME 04106
      View Details
    • $499,000
      1,372 SF

      South Portland Multifamily Investment Opportunity

      Multifamily property with expansion potential and convenient location.
      753 Main St, South Portland, ME 04106
      View Details
    • $4,327,286
      7,424 SF

      South Portland Medical Investment Opportunity

      Long-term NNN investment with a strong healthcare tenant.
      254 Western Ave, South Portland, ME 04106
      View Details
    • $4,650,000
      20,700 SF

      Retail Building Near Maine Mall

      20,700 SF retail building on 2 acres for sale.
      130 Western Ave, South Portland, ME 04106
      View Details

    FAQs

    What type of property is this?
    Medical office - 17,071 SF Medical Office, Ample Parking
    Where is this medical office located?
    The property is located at 244 Western Ave South Portland, ME.
    What are key features of this property?
    This property features: 17,071 SF medical office building on a 2.61-acre lot in South Portland, ME.; Subdividable building with ample on-site parking (approx. 92 spaces).; High visibility and excellent signage opportunities.
    Request Owner's contact information
    244 Western Ave South Portland, ME 04106
    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.
    244 Western Ave
    South Portland, ME 04106
    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
    244 Western Ave South Portland, ME 04106
    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.