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    2 Portland Sq Portland, ME 04101

    For Lease
    $28 SF/Yr

    Prestigious Portland Office Space Available

    Lot size:
    177,118 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Two Portland Square offers 177,118 square feet of Class A executive office space in Portland, Maine's vibrant downtown. This single, seven-story building, constructed in 1990, boasts four total suites and is situated at 2 Portland Square, conveniently located near Fore Street. The property is zoned B3 - Business Downtown (APN: Map 38, Block B, Lot 02, Cumberland County) and offers multiple tenancy options. Spaces are available for lease, with a minimum divisible space of 2,933 square feet and a maximum contiguous space of 23,320 square feet. The building features passenger elevators for convenient access to all floors. Its prime location in the heart of Portland's financial district places it within easy reach of the historic Old Port and the city's picturesque waterfront. This exceptional property provides an unparalleled opportunity for businesses seeking a prestigious and well-connected address in one of Maine's most dynamic cities. The building's central location offers easy access to a variety of amenities and transportation options, making it an ideal choice for businesses of all sizes. This is a rare opportunity to secure office space in a highly sought-after location. Inquire today to learn more about available lease options and to schedule a viewing.

    Property Features for 2 Portland Sq

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    177,118 SF
    Class
    A
    Total Rate
    413275.33

    Building Details

    Year Built
    1990
    Buildings
    1
    Stories
    7

    Unit(s) available at that property

    Space
    Suite 402
    Size
    7,354 SF
    Rate per SF
    $28

    HighLights

    • 4,823 square feet of office space available on the 4th floor.
    • Attractive brick and glass building exterior.
    • Building amenities include a cafe, restaurant, property management, and concierge services.
    • On‑site parking available at market rates.
    • Asking rent: $28.00 per square foot, modified gross.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wells Fargo Advisors: ... Investment Service Stone Coast Fund ... Investment Service Dr. Julie Quimby Psychologist Psychology Specialists of Maine, ... Mental Health Service Michael Tartaglia, Psy.D. Mental Health Service

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon 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
    -70.25524526
    Latitude
    43.65587872

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    FAQs

    What type of property is this?
    Office Property / Space - Prestigious Portland Office Space Available
    Where is this office property / space located?
    The property is located at 2 Portland Sq Portland, ME.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: 4,823 square feet of office space available on the 4th floor.; Attractive brick and glass building exterior.; Building amenities include a cafe, restaurant, property management, and concierge services.
    Request Owner's contact information
    2 Portland Sq 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
    2 Portland Sq Portland, ME 04101
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