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    4 Canal Plz Portland, ME 04101

    For Lease
    $27 SF/Yr

    Prestigious A-Class Office Suites For Lease

    Lot size:
    26,901 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Class A office space at 4 Canal Plaza in Portland, Maine, offers 4,627 square feet of immediately available space within a larger 26,901 square foot building. Situated on a 0.1-acre lot, this property boasts a coveted location in the vibrant Old Port district, zoned B3. The building, constructed in 1930 and featuring four stories, provides convenient elevator access. The available space is ideal for executive or creative office uses, offering a minimum divisible space of 4,627 square feet, with a maximum contiguous space of 4,627 square feet currently vacant. The property's address is 4 Canal Plaza, Portland, ME 04101, and its location is further identified by APN Map 32, Block I, Lot 1, in Cumberland County. This is a multi-tenant building, presenting a unique opportunity for businesses seeking a prestigious and well-located office space in the heart of Portland's dynamic Old Port. The building's classic architecture blends seamlessly with the modern amenities expected in a Class A office building. This is a rare opportunity to secure high-quality office space in a highly desirable location. The available space is ready for immediate occupancy.

    Property Features for 4 Canal Plz

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    26,901 SF
    Class
    A
    Total Rate
    60527.25

    Building Details

    Year Built
    1930
    Stories
    4

    Unit(s) available at that property

    Space
    Suite 201
    Size
    4,627 SF
    Rate per SF
    $27

    HighLights

    • 4,627± SF of immediately available Class A office space on the second floor.
    • Prime location in Portland's Old Port district, offering exceptional walkability (Walk Score 95).
    • Prestigious building with notable tenants including Urban Outfitters and LeBlanc & Young.
    Property Profile Location Intelligence

    Current Use by Public Records

    Le Blanc & Young ... Attorney Novare Res Bier ... Beer Hall

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.255325629057
    Latitude
    43.657495259073

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    FAQs

    What type of property is this?
    Office space - Prestigious A-Class Office Suites For Lease
    Where is this office space located?
    The property is located at 4 Canal Plz Portland, ME.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: 4,627± SF of immediately available Class A office space on the second floor.; Prime location in Portland's Old Port district, offering exceptional walkability (Walk Score 95).; Prestigious building with notable tenants including Urban Outfitters and LeBlanc & Young.
    Request Owner's contact information
    4 Canal Plz 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
    4 Canal Plz Portland, ME 04101
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