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Property profile & analytics
OFF-MARKET Estimated value $1,320,000
Office buildings

2 City Ctr Portland, ME 04101-4010

26,753 SF 0.1 ac lot Built 1983
Entity Owned Absentee Owner Free & Clear
Property ID
US42-0203921
Property summary
AI-generated overview

This exceptional Class A office space, located at 2 City Center in Portland, Maine, offers 8,258 square feet of immediately available space. Situated on the third and fourth floors of a five-story building, this property boasts stunning views of Portland and Casco Bay. Built in 1983 and extensively renovated in 2014, the building features a high-quality cable elevator with a 2500 lb capacity and 250 FPM speed. The total building encompasses 26,753 square feet on a 0.09-acre lot, with 16 parking spaces available. The space is perfect for a single tenant or can be subdivided. The property is zoned B3 & DEOZ and has a 3-phase, 16-amp electrical power supply. The building's address is 2 City Center, Portland, ME 04101, with a cross street of Spring Street and APN 32/P/1. This executive office space is located in the Greater Portland submarket and offers a unique opportunity to establish a prestigious presence in a vibrant downtown location. The building features one elevator. The available space is suitable for multiple tenants. This is a rare opportunity to secure high-quality office space in a desirable location. The property's excellent location and modern amenities make it an ideal choice for businesses seeking a premium office environment.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1983
Total area 26,753 SF
Lot 0.1 ac (4,256 SF)
APN PTLD M:032 B:P001001
UPID US42-0203921
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
  • URS Corporation Engineering Consultant
  • Heather shields - Realtor Portland, Maine and surrounding areas Real Estate Agency
  • NexRep Bpo Company Call Center
  • Linda MacDonald Associates - Legacy Properties, Sotheby's International Realty, Portland ME Real Estate Agency
  • Elizabeth Banwell | Legacy Properties | Sotheby's International Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$890k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.78M
Blend (final) Blend
$1.32M
Owner & transaction history
Aerotyne Intl LLC
Aerotyne Intl LLC
since 2026
Last sale
$1.3M
3 recorded transactions
2026
$1.3M
2026
$2.7M
2026
$731,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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