340 Presumpscot St Portland, ME 04103
- Warehouses
- 23,656 SF
- 1.61 lot acres
Current Use by Public Records
- Pack Edge Inc. / Manufacturer / Packaging Supply Store
Property Details for 340 Presumpscot St
- Year built
- 2007
- Lot size
- 1.61 lot acres
- Property size
- 23,656 SF
- Property type
- Warehouses
- APN
- PTLD M:422 B:B058001
- APU
- PTLDM422BB058001
Description
This exceptional 24,962-square-foot warehouse and distribution facility is situated on a 1.61-acre lot in Portland, Maine. Built in 2007, the property boasts a single-tenant occupancy and offers significant space for various operational needs. The building features a 20-foot ceiling height, providing ample vertical storage capacity. Loading and unloading are facilitated by five loading docks and one dock-high door. The property includes substantial office space (approximately 1,800 square feet) and a mezzanine level offering an additional 3,000 square feet of storage. A significant portion of the building (16,702 square feet) is currently vacant and available for lease. The property also includes a 3,460-square-foot freezer space, making it suitable for a range of businesses requiring temperature-controlled storage. Power is supplied by two 400-amp, 3-phase electrical panels. The property is zoned Light Industrial (IL) and is conveniently located approximately one mile from I-295, providing easy access to major transportation routes. The property is available for lease in the third quarter of 2024. This is a rare opportunity to secure a well-appointed warehouse and distribution facility in a desirable Portland location. Cumberland County location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,295,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,085,000
- 6.5%
- $2,710,000
- 7%
- $3,205,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,725,000
- Geo Method
- $2,930,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,890,000
- Retail
- $2,710,000
- Mixed-Use
- $2,670,000
- Hospitality
- $2,555,000
- Educational
- $2,650,000
- Residential Income
- $3,255,000
- Energy
- $2,855,000
- Income-Based Land
- $3,085,000
- Food Service
- $3,005,000
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.2594
- Latitude
- 43.694
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
