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    295 Forest Ave Portland, ME 04101

    For Lease
    $9 SF/Yr

    9,751 SF Office, Portland, ME

    Lot size:
    92,122 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 9,751 square foot office space is situated on the second floor of the Hannaford Plaza, a Class B building constructed in 1984. Located at 295 Forest Avenue in Portland, Maine (zip code 04101), this property offers unparalleled visibility and accessibility. The building itself encompasses 92,122 square feet across two stories, and this particular space benefits from abundant natural light and expansive views. With over 28,370 cars passing daily, this location ensures high visibility for your business. The property features a private entrance with elevator access for convenient entry. Amenities include multiple private restrooms, a unique addition of a shower room, and a flexible office layout to accommodate various business needs. Ample on-site parking is available for tenants and their clients. The property is zoned B2 and its APN is Map 34A, Block C, Lot 1. This space is ideal for a variety of office uses, including traditional, executive, and medical offices. The building has one elevator and power is readily available. This is a multi-tenant building located in the Greater Portland submarket. This prime location offers a unique opportunity to establish your business in a high-traffic area with excellent amenities.

    Property Features for 295 Forest Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    92,122 SF
    Class
    B
    Total Rate
    76384.49

    Building Details

    Year Built
    1984
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    2nd Floor
    Size
    9,751 SF
    Rate per SF
    $9

    HighLights

    • 9,751 SF office suite on the second floor of Hannaford Plaza, a Class B building in Portland, ME (04101).
    • High‑visibility location on Forest Avenue with over 28,370 cars passing daily.
    • Private entrance with elevator access, ample on‑site parking.
    • Features multiple restrooms, a shower, and a flexible layout.
    • Zoned B2, APN: Map 34A, Block C, Lot 1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Spurwink ALLTECH Health Consultant Shauna Myles Pharmacy Sarah Hopkins Pharmacy Amy Farb Pediatrician Vokey Paula Social Worker

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2686179
    Latitude
    43.6634853

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    FAQs

    What type of property is this?
    Medical office - 9,751 SF Office, Portland, ME
    Where is this medical office located?
    The property is located at 295 Forest Ave Portland, ME.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 9,751 SF office suite on the second floor of Hannaford Plaza, a Class B building in Portland, ME (04101).; High-visibility location on Forest Avenue with over 28,370 cars passing daily.; Private entrance with elevator access, ample on-site parking.
    Request Owner's contact information
    295 Forest Ave 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
    295 Forest Ave Portland, ME 04101
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