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    555 Congress St Portland, ME 04101

    Sponsored
    For Lease
    $20 SF/Yr ($6,110 /Mo)

    Downtown Retail Sublease - 1908 SF

    Lot size:
    3,666 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional street-level retail space, located at 555 Congress Street, offers a unique sublease opportunity in a vibrant downtown location. The property boasts 1,908 square feet of recently renovated space within a larger building totaling 3,666 square feet. High ceilings and an open mezzanine provide a versatile layout ideal for a variety of retail uses. The building itself is a historic structure, originally constructed in 1800, and features four stories. This corner location provides excellent street visibility and exposure on Congress Street, ensuring high foot traffic and brand recognition. The property sits on a 0.02-acre lot and is zoned -3 Downtown Business; PAD Overlay, offering flexibility for permitted uses. The single-tenancy building presents a rare opportunity to establish a presence in a thriving downtown area. The building's historical character combined with modern renovations creates a unique and attractive retail environment. This sublease presents a chance to secure a well-positioned retail space in a highly desirable location, benefiting from the energy and activity of the surrounding downtown district. The property's address is 555 Congress Street, and its Assessor's Parcel Number (APN) is Map 37, Block A, Lot 43. This is a remarkable opportunity for a business seeking a prominent and attractive retail space.

    Property Features for 555 Congress St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,666 SF
    Total Rate
    6110

    Building Details

    Year Built
    1800
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    Size
    1,908 SF
    Rate per SF
    $20

    HighLights

    • 1,908 SF street‑level retail space available for sublease.
    • Recently renovated with high ceilings and open mezzanine.
    • Excellent corner location on Congress Street with high visibility.
    • 3,666 total building square feet on a 0.02‑acre lot.
    • Four‑story building, built in 1800, single‑tenant occupancy.
    • Zoned -3 Downtown Business; PAD Overlay; APN: Map 37, Block A, Lot 43.
    Property Profile Location Intelligence

    Current Use by Public Records

    Core Cannabis Museum Museum

    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
    -70.2621019
    Latitude
    43.6553215

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    FAQs

    What type of property is this?
    Individual retail property - Downtown Retail Sublease - 1908 SF
    Where is this individual retail property located?
    The property is located at 555 Congress St Portland, ME.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 1,908 SF street-level retail space available for sublease.; Recently renovated with high ceilings and open mezzanine.; Excellent corner location on Congress Street with high visibility.
    Request Owner's contact information
    555 Congress St 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
    555 Congress St Portland, ME 04101
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