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    44 Exchange St Portland, ME 04101

    Sponsored
    For Lease
    $18 SF/Yr

    Historic Portland Office Space, Multiple Tenancies Available

    Lot size:
    21,593 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional three-story office building, located at 44 Exchange Street in Portland, Maine, offers 21,593 square feet of versatile space. Built in 1870, this historic property boasts a prime location in the vibrant Old Port district, zoned B3 & PAD. The building features a traditional office layout adaptable to various business needs, including executive and creative office spaces. With multiple tenancies available, this property is ideal for a variety of users, from small businesses to larger corporations seeking flexible options. The 0.16-acre lot provides ample space, while the building's classic architecture blends seamlessly with the surrounding historic charm. The property's central location offers easy access to major transportation routes, local amenities, and the city's thriving cultural scene. This is a unique opportunity to secure a prominent presence in one of Portland's most sought-after areas. The building's solid construction and desirable location make it a sound investment for long-term growth. Serious inquiries are encouraged to explore the possibilities of this remarkable property. The address is 44 Exchange Street, Portland, ME 04101, within Cumberland County.

    Property Features for 44 Exchange St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,593 SF
    Total Rate
    33739.06

    Building Details

    Year Built
    1870
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 202
    Size
    945 SF
    Rate per SF
    $18
    Space
    Suite 301
    Size
    2,093 SF
    Rate per SF
    $18

    HighLights

    • 945± SF second‑floor office space in Portland's Old Port.
    • 2,093± SF third‑floor office space in Portland's Old Port.
    • Ideal for small office users.
    • Prime Old Port location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Abacus Gallery Art Gallery Maine Mortgage Partners ... Mortgage Lender Schneider Tina Attorney Keep It Simple ... Marketing Agency Green Line Financial Financial Institution

    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
    -70.2542515
    Latitude
    43.6571303

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    FAQs

    What type of property is this?
    Office space - Historic Portland Office Space, Multiple Tenancies Available
    Where is this office space located?
    The property is located at 44 Exchange St Portland, ME.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 945± SF second-floor office space in Portland's Old Port.; 2,093± SF third-floor office space in Portland's Old Port.; Ideal for small office users.
    Request Owner's contact information
    44 Exchange 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
    44 Exchange St Portland, ME 04101
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