You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Office Spaces

48 Free St Portland, ME 04101

30,158 SF 0.25 ac lot Built 1900
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 1900
Total area 30,158 SF
Lot 0.25 ac (10,890 SF)
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
  • Michelle Libby Century 21 North East, Fine Homes and Estates Real Estate Agency
  • Merchant X Business To Business Service
  • Christina Markoulis Foster Care Service Social Service Agency
  • Carlin & Shapiro, P.A. Law Firm
  • FordMurray Law Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 48 Free St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message