254 Commercial St Portland, ME 04101
This exceptional Class A office building, Merrill's Wharf, offers unique opportunities for marine-related businesses. Located on Portland's vibrant waterfront, this meticulously renovated five-story building boasts 95,000 square feet of space, with two available suites ranging from 550 to 1,025 square feet. The building's historic charm is evident in its exposed beams and brick walls, complemented by modern upgrades. Recent renovations include energy-efficient windows, new HVAC systems, and upgraded lighting, ensuring both comfort and sustainability. Enjoy stunning views of Portland Harbor from this prime location. The building's strong tenant roster includes prominent firms like Pierce Atwood and Ocean Renewable Power Company, alongside an executive office center, creating a thriving and collaborative environment. Parking is conveniently available in nearby surface lots and garages. With a Walk Score of 87, this property offers unparalleled walkability to local amenities. The 1.33-acre lot is zoned WCZ - Waterfront Central, and the property's address is identified by APN Map 41, Block A, Lots 16, 17 & 18 in Cumberland County, within the Greater Portland submarket. This is a rare opportunity to secure office space in a prestigious, historically significant, and conveniently located building. Marine-related uses only.
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Foley Buhl Roberts & Associates Structural Engineer
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Sulloway & Hollis PLLC Law Firm
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Pierce Atwood LLP Law Firm
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Kern Brenda Insurance Agency
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Beard Sarah H Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.