Property profile

170 Ocean St South Portland, ME 04106

OFF-MARKET
Banks
Property ID
US42-0478328
11,155 SF 1 ac lot Built 1973
Entity Owned 4-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional executive office suite, located at 170 Ocean St in South Portland, Maine, offers 1,291 square feet of prime workspace within a larger 11,155 square foot building. The space is immediately available for lease and is part of a multi-tenant building situated in the desirable Mill Creek Core (MCC) zoning district of Cumberland County. Built in 1973, the building provides ample on-site parking for tenants and visitors in a shared lot. The property's address is 170 Ocean St, South Portland, ME 04106 (43.6367608, -70.251697). This location offers easy access to major transportation routes and amenities. The suite is perfect for businesses seeking a professional and convenient office environment. The property type is classified as an office building with an executive office subtype. This is a fantastic opportunity to secure a well-located, ready-to-occupy office space in a thriving Maine community. The total building size is 11,155 square feet, with 1,291 square feet currently vacant and available for lease. This presents a unique chance to establish a presence in a well-maintained building with convenient parking. Inquire today to learn more about this exciting leasing opportunity.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1973
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 11,155 SF
Lot 1 ac (43,560 SF)
APN SPOR M:014 L:189
UPID US42-0478328

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
  • Credit Union
  • Insurance Agency
  • Advertising Agency Marketing & Advertising
  • Barber Shop
  • Loan Service Bank

Location

170 Ocean St South Portland, ME 04106-3657
South Portland metro Census 3200 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$655k
CAP Approach CAP
by Request
Comparable Approach Comparable
$960k
Blend (final) Blend
$805k

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2020
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
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 170 Ocean 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.
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