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    103 Exchange St Portland, ME 04101

    For Lease
    $21 SF/Yr

    Prime Portland location, 18,301 sq ft.

    Lot size:
    18,301 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 18,301 square foot traditional office building, located at 103 Exchange Street in Portland, Maine, presents a unique investment opportunity. Built in 1860, the property boasts a rich history within the vibrant Old Port district. The building is currently configured for multiple tenants, offering flexibility for various business needs. A significant portion of the building, totaling 6,732 square feet, is currently vacant, providing immediate potential for lease income generation or owner-occupancy. The property sits on a 0.07-acre lot and is zoned B3 & PAD, allowing for a range of commercial uses. Its prime location in the heart of Portland offers unparalleled access to amenities, transportation, and a thriving business community. The building's substantial size and historic character make it an ideal space for a variety of businesses seeking a prestigious address in a dynamic urban setting. Detailed information regarding the building's layout, current lease agreements (if any), and potential renovation opportunities are available upon request. This is a rare chance to acquire a landmark property in one of Maine's most desirable locations. The property's address is 103 Exchange Street, Portland, ME 04101, located in Cumberland County.

    Property Features for 103 Exchange St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,301 SF
    Total Rate
    33170.56

    Building Details

    Year Built
    1860

    Unit(s) available at that property

    Space
    2nd & 3rd Floor
    Size
    6,732 SF
    Rate per SF
    $21

    HighLights

    • 6,732± SF of office space on the second and third floors, plus first‑floor conference room for ADA compliance; subdividable.
    • Abundant natural light from large windows; exposed brick and historic details.
    • Prime corner location in the historic Charles Q Clapp Block, opposite the Press Hotel, near City Hall, courthouses, the business district, and Old Port amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stephen A. Bell, Esq. Attorney Ernst Elizabeth J Attorney Mundhenk & Bell LLC Attorney Douglas Denham Buccina ... Divorce Lawyer Mundhenk Thomas G Attorney

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.255861446696
    Latitude
    43.658462258776

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Portland location, 18,301 sq ft.
    Where is this office property / space located?
    The property is located at 103 Exchange St Portland, ME.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: 6,732± SF of office space on the second and third floors, plus first-floor conference room for ADA compliance; subdividable.; Abundant natural light from large windows; exposed brick and historic details.; Prime corner location in the historic Charles Q Clapp Block, opposite the Press Hotel, near City Hall, courthouses, the business district, and Old Port amenities.
    Request Owner's contact information
    103 Exchange St 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
    103 Exchange St Portland, ME 04101
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