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Property profile & analytics
FOR LEASE
Office buildings

50 Monument Sq Portland, ME 04101

47,551 SF 0.16 ac lot Built 1900
Entity Owned 8-yr Hold Free & Clear
Property ID
US42-0211728
Property summary
AI-generated overview

This exceptional Portland, Maine office property, located at 50 Monument Square, offers 11,745 square feet of prime executive office space within a historic building. Currently, 11,743 square feet are available for lease, divisible into units ranging from 1,323 to 5,985 contiguous square feet. The building features four total suites, with the second floor offering 5,760 square feet divisible down to 1,323 square feet, and the sixth floor providing a full 5,985 square feet with stunning waterviews. The property boasts a newly renovated lobby and offers flexible layouts combining open space and private offices, perfect for a variety of business needs. Conveniently situated in Portland's Financial District, this location provides easy access to all downtown amenities. Ample parking is available at nearby garages including One City Center, Public Market, and Free Street. The building is equipped with elevators for convenient access to all floors. This is a unique opportunity to secure prestigious office space in a highly desirable location. The property is in Cumberland County, Maine, and has a Portland, ME zip code of 04101.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Total area 47,551 SF
Lot 0.16 ac (6,909 SF)
APN PTLD M:027 B:F001001
UPID US42-0211728
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
Current use
Occupant on record · Public records
  • FedEx Office Print & Ship Center Courier Service Postal Service
  • Sullivan Kevin Law Firm
  • Graham Jennifer L MD Physician
  • Rush My Passport Travel Agency
  • PK Realty Management LLC Property Management Company Real Estate Developer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.89M
Owner & transaction history
Lancaster Group LLC · 8 yrs held
Lancaster Group LLC
since 2018
3 recorded transactions
2018
Price N/A
2013
Price N/A
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $9.6M +10.6%
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More about this property
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