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    Property profile & analytics
    OFF-MARKET Estimated value $1,800,000
    Office buildings

    244 Western Ave, South Portland, ME 04106-2430

    12,389 SF 2.61 ac lot Built 1976
    Entity Owned Free & Clear
    Property ID
    US42-0363756
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1976
    Construction FRAME
    Total area 12,389 SF
    Lot 2.61 ac (113,692 SF)
    Zoning code Z
    APN SPOR M:067 L:020
    UPID US42-0363756
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.29M
    Blend (final) Blend
    $1.80M
    Owner & transaction history
    244 Western Ave LLC
    244 Western Ave LLC
    since 2026
    5 recorded transactions
    2026
    $3.3M
    2024
    2021
    2021
    2017
    Zoning & alternative use
    Z · South Portland, ME
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $2.7M +17.6%
    Retail stores $2.5M +10.6%
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