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    511 Congress St Portland, ME 04101

    Sponsored
    For Sale
    Contact for pricing

    Class A Office Space, 34,569 RSF Available

    Property size:
    140,684 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A office building, located at 511 Congress Street in Portland, Maine, presents a unique investment opportunity. The property, built in 1973 and extensively renovated between 2013 and 2019, boasts a total of 140,684 square feet across nine stories, with 34,569 square feet of net rentable space currently available for sale. Situated in the heart of Portland's Financial District, this prime location offers unparalleled accessibility, conveniently located near I-295 exit 6. The building features a newly renovated lobby showcasing Class A finishes and provides stunning 360-degree views of Portland and its surrounding areas. On-site parking is a significant advantage, with a 256-space parking garage offering direct building access

    Property Features for 511 Congress St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    140,684 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1973/2013
    Stories
    9

    HighLights

    • 11,523 - 34,569 SF of Class A office space available for sale.
    • Prime location in Portland's Financial District.
    • Excellent I‑295 (Exit 6) accessibility.
    • On‑site parking garage with direct building access; buyer receives parking rights.
    • Newly renovated lobby with Class A finishes.
    • Panoramic 360‑degree views of Portland.
    Property Profile Location Intelligence

    Current Use by Public Records

    Honeck & O'Toole: Busby ... Accountant Troubh Heisler, PA Attorney Dill Cynthia A Attorney Libby Kevin G Attorney Golden Lotus Restaurant Chinese Restaurant

    Suggested Use

    Realty agency Dental Office Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Daycare Center Clothing Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2609337
    Latitude
    43.6565996

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Space, 34,569 RSF Available
    Where is this office property / space located?
    The property is located at 511 Congress St Portland, ME.
    What are key features of this property?
    This property features: 11,523 - 34,569 SF of Class A office space available for sale.; Prime location in Portland's Financial District.; Excellent I-295 (Exit 6) accessibility.
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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
    511 Congress St Portland, ME 04101
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