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Property profile & analytics

305 Commercial St Portland, ME 04101-4641

  • Commercial real estate
  • 115,848 SF
  • 1.49 lot acres
OFF-MARKET
Value Estimations
$12,455,000
Cap Rate Potential
Location Intelligence
Property ID
US42-0399142
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.

Current Use by Public Records

  • Old Port Garden and Gifts / (Bike/Boat/Book/etc) Store
  • Merrimack Mortgage Company, Inc. / Loan Service / Bank
  • Baxter Place / Business Service Center / Corporate Office
  • Haberdashery Resale Clothing Co / Clothing Store
  • Port City Models & Talent Inc / Marketing & Advertising / Employment Agency

Property Details for 305 Commercial St

Year built
1862
Lot size
1.49 lot acres
Property size
115,848 SF
Property type
Commercial real estate
APN
PTLD M:040 B:F009001
APU
PTLDM040BF009001

Description

This exceptional 114,781 square foot commercial property, located at 305 Commercial Street in Portland, Maine, presents a unique investment opportunity. Built in 1862 and situated on a 1.49-acre lot, this building offers a diverse range of office space options, catering to various business needs. The property's zoning, B3 Downtown Business District Old Port and DEOZ Overlays, allows for a multitude of uses. The building features multiple tenancies, making it ideal for a variety of businesses or a single large tenant. Modern conveniences include elevators. The property's address is 305 Commercial Street, Portland, ME 04101, within Cumberland County (APN: Map 40, Block F, Lot 9). Its central location in Portland's vibrant Old Port district provides unparalleled access to amenities and a thriving business community. The building's adaptable layout accommodates traditional office spaces, creative office setups, coworking arrangements, executive suites, and flexible work environments. This historic building offers a blend of character and modern functionality, making it an attractive option for businesses seeking a prestigious and well-located office space in the heart of Portland.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Portland
County
Cumberland
State
Maine
Longitude
-70.2565
Latitude
43.6538
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
$175,226
$3,745,400
$8,414,600
$12,160,000
-
$0.00
$0.00
$0.00
More about this property
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