275 Read St Portland, ME 04103
- Retail space
- 16,546 SF
- 1.00 lot acres
Current Use by Public Records
- Business Equipment Unlimited / Office Equipment Supplier / Copier Repair Service
Property Details for 275 Read St
- Year built
- 1988
- Lot size
- 1.00 lot acres
- Property size
- 16,546 SF
- Property type
- Retail space
- APN
- PTLD M:150 B:B009001
- APU
- PTLDM150BB009001
Description
This exceptional 16,546-square-foot flex building presents a compelling investment opportunity in Portland, Maine. Located at 275 Read Street, this single-story, Class B property boasts a prime location off Route 302, strategically positioned between I-95 and I-295, ensuring excellent accessibility and high visibility from Forest Avenue. Built in 1988, the building sits on a one-acre lot (APN: Map 150, Lot 9/1) and is zoned IL. The asking price is $2,500,000, translating to $151.09 per square foot. Featuring an 18-foot ceiling height, this property offers ample space and flexibility for a variety of uses. Currently occupied by a wholly-owned Xerox subsidiary since 1998, this building benefits from a history of stable occupancy and low vacancy rates within the Portland industrial/flex market. This presents a rare opportunity to acquire a well-located, established property with significant potential for future growth and return on investment. The property consists of one building with one unit.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $580,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.2893
- Latitude
- 43.6845
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
