244 Western Ave South Portland, ME 04106
Property profile & analytics
244 Western Ave South Portland, ME 04106
- Office buildings
- 12,389 SF
- 2.61 lot acres
Property ID
US42-0363756
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 244 Western Ave
- Year built
- 1976
- Construction
- FRAME
- Lot size
- 2.61 lot acres
- Property size
- 12,389 SF
- Zone code
- Z
- Property type
- Office buildings
- APN
- SPOR M:067 L:020
- APU
- SPORM067L020
Description
This exceptional 17,071 square foot medical office building, situated on a 2.61-acre lot in desirable South Portland, Maine, presents a unique investment opportunity. Built in 1976, the single-building property is zoned CS-Suburban Commercial and boasts a multiple-tenancy configuration, ideal for a variety of medical practices or healthcare-related businesses. The property's address is 244 Western Avenue, South Portland, ME 04106, conveniently located within Cumberland County. Its ample lot size provides significant potential for expansion or future development. The property's assessed parcel number (APN) is Map 67, Lot 20. This well-maintained building offers a substantial footprint for a growing medical practice or a portfolio addition for an investor seeking a stable, established property in a thriving market. The property's location offers easy access to major transportation routes, ensuring convenient access for patients and staff. The building's age provides an opportunity for potential renovations or upgrades to meet current market demands and enhance its value. This is a rare opportunity to acquire a well-positioned medical office building in a highly sought-after location. Serious inquiries are encouraged.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,288,000
- AI Estimate
- $1,371,000
Market price range: $1.60M - $3.15MMarket price range: $621k - $2.18M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,270,000 Current use
- COMMERCIAL (GENERAL)
- $2,670,000 Change: +18% Conversion: Easy
- RETAIL STORES
- $2,515,000 Change: +11% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $1,855,000 Change: -18% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- South Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.3241
- Latitude
- 43.6368
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$29,831
$540,200
$1,569,500
$2,109,700
-
$0.00
$0.00
$0.00
