340 Presumpscot St Portland, ME 04103-5235
This exceptional 24,962-square-foot warehouse and distribution facility is situated on a 1.61-acre lot in Portland, Maine. Built in 2007, the property boasts a single-tenant occupancy and offers significant space for various operational needs. The building features a 20-foot ceiling height, providing ample vertical storage capacity. Loading and unloading are facilitated by five loading docks and one dock-high door. The property includes substantial office space (approximately 1,800 square feet) and a mezzanine level offering an additional 3,000 square feet of storage. A significant portion of the building (16,702 square feet) is currently vacant and available for lease. The property also includes a 3,460-square-foot freezer space, making it suitable for a range of businesses requiring temperature-controlled storage. Power is supplied by two 400-amp, 3-phase electrical panels. The property is zoned Light Industrial (IL) and is conveniently located approximately one mile from I-295, providing easy access to major transportation routes. The property is available for lease in the third quarter of 2024. This is a rare opportunity to secure a well-appointed warehouse and distribution facility in a desirable Portland location. Cumberland County location.
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Pack Edge Inc. Industrial Manufacturer Production Facility
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.