Property profile

1290 Congress St Portland, ME 04102

OFF-MARKET
Office buildings
Property ID
US42-0457991
5,675 SF 0.24 ac lot Built 1915
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional three-story, freestanding office building presents a unique owner-user opportunity in Portland, Maine. Boasting 4,248 square feet, the property is situated on a 0.24-acre lot at 1290 Congress St, 04102, within Cumberland County. Built in 1915, this Class B building offers a blend of historic character and modern functionality. The layout includes several private offices, a reception area, and two conference rooms, complemented by a dedicated dental lab on the second floor. Ample parking is provided with approximately 15 spaces and a two-car garage. The property's zoning is RP - Residential Professional, offering flexibility for various professional uses. Its highly visible location offers excellent accessibility, being just minutes from I-295, Exit 5B, and conveniently close to the Portland International Jetport, Thompson's Point, and the Portland Transportation Center. The asking price is $895,000, translating to $210.69 per square foot. The property's APN is 190/J/1-2. This is an ideal investment for a business seeking a prominent and well-equipped space in a thriving Portland location. The building's single ownership structure ensures a streamlined transaction.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1915
Total area 5,675 SF
Lot 0.24 ac (10,293 SF)
APN PTLD M:190 B:J001001
UPID US42-0457991

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office

Location

1290 Congress St Portland, ME 04102-2113
Portland metro Census 2002 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$731k
Blend (final) Blend
$330k

Owner & transaction history

since 2026
5 recorded transactions
2026
$865,000
2024
Price N/A
2016
Price N/A
2006
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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