48 Free St Portland, ME 04101
This exceptional two-story office building, totaling 30,158 square feet, presents a rare opportunity in Portland's vibrant financial district. Located on a 0.25-acre lot (APN: Map 38, Block I, Lot 18, Cumberland County), this 1900-era building boasts a coveted B3 - Downtown Business zoning designation. Its prime location offers unparalleled access to the Old Port and waterfront, with a Walkability Score of 96, ensuring convenient commutes and a thriving atmosphere. The building benefits from the adjacency to a new retail/residential development at 40 Free Street, further enhancing its desirability. Currently, two office suites are available, ranging in size from approximately 1,759 square feet to approximately 2,472 square feet, providing flexibility for various business needs. The property includes convenient surface lot parking directly accessible to the building, eliminating parking hassles for tenants and clients. This is an exceptional opportunity to secure a well-located, established office space in the heart of Portland's dynamic business environment. The building's traditional architecture blends seamlessly with the modern amenities and vibrant energy of the surrounding area, making it an ideal location for businesses seeking a prestigious and functional workspace. Multiple tenancy allows for diverse occupancy options.
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Michelle Libby Century 21 North East, Fine Homes and Estates Real Estate Agency
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Merchant X Business To Business Service
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Christina Markoulis Foster Care Service Social Service Agency
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Carlin & Shapiro, P.A. Law Firm
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FordMurray Law 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.