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Property profile & analytics
FOR LEASE
Office buildings

2 Portland Sq ATM Portland, ME 04101

177,118 SF 0.91 ac lot Built 1989
Entity Owned 20-yr Hold Free & Clear
Property ID
US42-0050725
Property summary
AI-generated overview

Two Portland Square offers 177,118 square feet of Class A executive office space in Portland, Maine's vibrant downtown. This single, seven-story building, constructed in 1990, boasts four total suites and is situated at 2 Portland Square, conveniently located near Fore Street. The property is zoned B3 - Business Downtown (APN: Map 38, Block B, Lot 02, Cumberland County) and offers multiple tenancy options. Spaces are available for lease, with a minimum divisible space of 2,933 square feet and a maximum contiguous space of 23,320 square feet. The building features passenger elevators for convenient access to all floors. Its prime location in the heart of Portland's financial district places it within easy reach of the historic Old Port and the city's picturesque waterfront. This exceptional property provides an unparalleled opportunity for businesses seeking a prestigious and well-connected address in one of Maine's most dynamic cities. The building's central location offers easy access to a variety of amenities and transportation options, making it an ideal choice for businesses of all sizes. This is a rare opportunity to secure office space in a highly sought-after location. Inquire today to learn more about available lease options and to schedule a viewing.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1989
Total area 177,118 SF
Lot 0.91 ac (39,522 SF)
APN PTLD M:038 B:B002001
UPID US42-0050725
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
  • Wells Fargo Advisors: Susan Gilpatric Financial Advisor
  • Stone Coast Fund Services Financial Advisor
  • Dr. Julie Quimby Physician Medical Clinic
  • Psychology Specialists of Maine, LLC Crisis Center Medical Clinic
  • Michael Tartaglia, Psy.D. Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$24.64M
Owner & transaction history
Rreef America Reit 2 Corp · 20 yrs held
Rreef America Reit 2 Corp
since 2005
1 recorded transaction
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $35.9M +10.6%
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