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Downtown Location Near Cross Arena
For Lease
$18 SF/Yr

48 Free Street, Portland, ME 04101

Office space for rent in a great downtown location.

Space Size596 SF - 5,081 SF
Property Size30,158 SF
Days on Market195

Property Features for 48 Free Street

General Information

Standard status Active
Size 596 SF - 5,081 SF
Class B
Property subtype Office
Lease Term MG

Building Details

Building Size 30,158 SF
Year Built 1900

Spaces For Lease

at 48 Free Street Contact us

L 20

Size 5,081 SF
Type Office Building
Term Negotiable
Rate Contact for pricing
Contact us

100 $24.50/SF/Yr

Size 3,604 SF
Type Office Building
Term Negotiable
Contact us

M12 $18/SF/Yr

Size 1,803 SF
Type Office Building
Term Negotiable
Contact us

M15 $18/SF/Yr

Size 596 SF
Type Office Building
Term Negotiable
Contact us
Listing Agency: The Boulos Company
Listed By: Derek Miller · License #918125
Source: Boulos
Added: Mar 26 Changed: Sep 8 Last Checked: Oct 5 at 3:13PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Boulos Company

Investment Insights

Based on property information with market context.

This commercial real estate property offers office spaces for rent in a great downtown location. The property is situated adjacent to the Cross Insurance Arena.

Key Highlights

  • Great downtown location
  • Adjacent to Cross Insurance Arena
  • Built in 1900

Property Analytics

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Open Analytics

Current Use

Michelle Libby Century ... Real Estate Agency Merchant X Business To Business Service Christina Markoulis Foster Care Service Carlin & Shapiro, P.A. Law Firm FordMurray Law Law Firm

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Locksmith Pet Grooming Service Tanning Salon Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,425
Businesses Nearby
Well-served
Demand for This Use

Demographics for 04101, ME

18,109
Population
11,510
Households
1.6
Avg Household Size
36
Median Age
57%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
9,055
Density / Sq Mi
$60,726
Median Household Income
$45,009
Median Earnings
$1,457
Median Rent
$600,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Portland, ME

$17.17 /SF/Yr
Avg Asking Price
$6.41–$38 /SF/Yr
Price Range
9,000 SF
Avg Space Size

This space is priced 5% above the average of $17.17 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Office space - Office space for rent in a great downtown location.
Where is this office space located?
The property is located at 48 Free Street Portland, ME.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Great downtown location; Adjacent to Cross Insurance Arena; Built in 1900
More about this property
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