Property summary
This exceptional 2-story, 2,786 square foot office condo at 527 Ocean Avenue in Portland, Maine, presents a fantastic investment opportunity. Built in 1987, this traditional office space boasts a highly functional layout ideal for a variety of businesses. The property features a spacious reception area, perfect for welcoming clients and guests. Multiple conference rooms provide ample space for meetings and presentations, while a convenient kitchenette caters to staff needs. The layout also includes a substantial workspace and eight to ten individual offices, offering flexibility for various team configurations. The property is zoned for commercial use, ensuring versatility and future development potential. Ample on-site parking is available, providing convenience for employees and visitors. The property is located in Cumberland County, Maine, with the address 527 Ocean Ave, Portland, ME 04103 (APN: Map 163 Block E Lot 3). The asking price is $675,000. This well-maintained property offers a blend of functionality and location, making it an attractive option for businesses seeking a comfortable and productive workspace in a desirable Portland location. Ownership is held by Ocean Aventure II LLC.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm
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Law Firm
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Freight Service Logistics Company
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Midwife
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Midwife
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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