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    144 State St Portland, ME 04101

    Sponsored
    For Lease
    $20 SF/Yr

    Historic West End, 2,477 SF Available

    Lot size:
    98,309 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2,477 square foot creative office suite is located within The Nightingale, a newly renovated historic building (1941, renovated 2024) in Portland, Maine's vibrant West End neighborhood. The property, situated at 144 State St (cross streets: State & Spring Street), boasts a prime location adjacent to downtown, offering excellent visibility and high foot traffic. The building itself comprises 98,309 square feet on 1.63 acres (APN: 045 C007001, Zoning: B3). This ground-floor suite is part of a mixed-use development including 165 residential units and three fully leased retail spaces, creating a thriving community atmosphere. Amenities include a patio and plaza area, further enhancing the commercial appeal. The suite is available for lease at a rate of $20.00 per square foot. The building is fully powered. This is a unique opportunity to establish a presence in a dynamic and desirable location. The building features multiple tenancies.

    Property Features for 144 State St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    98,309 SF
    Total Rate
    163848.33

    Building Details

    Year Built/Renovated
    1941/2024
    Buildings
    1

    Unit(s) available at that property

    Space
    Ground Floor Office
    Size
    2,477 SF
    Rate per SF
    $20
    Property Profile Location Intelligence

    Current Use by Public Records

    Northern Light Mercy ... Medical Laboratory Mercy Hospital: Blazier ... Anesthesiologist Mercy Hospital: Soni ... Doctor Dr. Anikke M. ... Infectious Disease Physician Rhonda Lee Benner, ... Social Worker

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Law Firm Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2644099
    Latitude
    43.65164894

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    FAQs

    What type of property is this?
    Restaurant - Historic West End, 2,477 SF Available
    Where is this restaurant located?
    The property is located at 144 State St Portland, ME.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    Request Owner's contact information
    144 State St Portland, ME 04101
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    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
    144 State St Portland, ME 04101
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