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Property profile & analytics
OFF-MARKET Estimated value $275,000
Commercial real estate

511 Congress St Portland, ME 04101-3482

0.98 ac lot
Entity Owned 10-yr Hold Free & Clear
Property ID
US42-0805768
Property summary
AI-generated overview

This exceptional Class A office building, located in the heart of Portland's financial district, offers 8 available executive suites ranging from 1,600 to 11,523 square feet. The 9-story building, constructed in 1973 and extensively renovated in 2019, boasts a total of 140,684 square feet. Currently, 71,926 square feet of prime office space is available for lease, providing multiple tenancy options. The building features a modern, newly renovated lobby with high-end finishes, offering premiere 306-degree views of Portland and its surrounding areas. Conveniently situated with easy access from I-295 Exit 6, the property includes an on-site parking garage with direct building access for the 256 available parking spaces. Building amenities include a first-floor tenant gym and 24/7 building security, along with on-site property management. The building is zoned B3 and has an APN of 037 D002. This is a rare opportunity to secure prestigious office space in a highly desirable location. Minimum leasable space is 1,600 square feet, with a maximum contiguous space of 11,523 square feet available. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.98 ac (42,571 SF)
APN PTLD M:037 B:D002001
UPID US42-0805768
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Honeck & O'Toole: Busby Kelly, JD, CPA Accounting Firm Tax Preparation
  • Troubh Heisler, PA Law Firm
  • Dill Cynthia A Law Firm
  • Libby Kevin G Law Firm
  • Golden Lotus Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k
Owner & transaction history
OCEAN GATE LLC
OCEAN GATE LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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