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    1 City Ctr Portland, ME 04101

    Sponsored
    For Lease
    $23 SF/Yr

    Class A office & retail suites available. Prime location.

    Lot size:
    210,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    1 City Center in Portland, Maine, offers exceptional Class A office and retail space for lease. This thirteen-story building boasts 210,000 square feet of total space, with multiple suites available ranging from 2,675 to 13,083 contiguous square feet. Currently, 30,620 square feet is vacant. The property sits on a 0.618-acre lot in the heart of downtown Portland, offering unparalleled access to the city's amenities. Building features include newly renovated common areas on the first three floors, encompassing a food court and state-of-the-art shared conference space. Convenient parking is available in the on-site garage for $150 per month. The building includes elevators and was renovated in 2019. This is a multi-tenant building located in Cumberland County, Maine, with a Portland, ME 04101 zip code. Ideal for businesses seeking a prestigious address and modern amenities. The property is categorized as both Executive and Creative Office space, as well as retail.

    Property Features for 1 City Ctr

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    210,000 SF
    Class
    A
    Total Rate
    402500

    Building Details

    Year Renovated
    2019
    Stories
    13

    Unit(s) available at that property

    Space
    Suite 212
    Size
    5,325 SF
    Rate per SF
    $38
    Space
    Suite 211
    Size
    6,037 SF
    Rate per SF
    $38
    Space
    Suite 206R
    Size
    2,675 SF
    Rate per SF
    $38
    Space
    Suite 3115
    Size
    3,500 SF
    Rate per SF
    $38
    Space
    Suite 7050
    Size
    13,083 SF
    Rate per SF
    $38

    HighLights

    • Class A office space.
    • Prime downtown Portland location.
    • Tenant parking available in the 1 City Center Garage.
    • 24/7 security on‑site.
    • Build‑to‑suit options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Red Thread Office Furniture Store Preti Flaherty Beliveau Attorney Hansen Evan M Lawyer Preti Flaherty Law Firm Smith Robert W Attorney

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.25759847
    Latitude
    43.6572911

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    FAQs

    What type of property is this?
    Office space - Class A office & retail suites available. Prime location.
    Where is this office space located?
    The property is located at 1 City Ctr Portland, ME.
    What is the lease rate?
    The lease rate is $38 SF/Yr.
    What are key features of this property?
    This property features: Class A office space.; Prime downtown Portland location.; Tenant parking available in the 1 City Center Garage.
    Request Owner's contact information
    1 City Ctr 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 City Ctr Portland, ME 04101
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