609-615 Congress St - Loft/Creative Space FOR SALE


Portland, ME 04101- City Center
$10,950,000 USD
207-838-3335
609-615 Congress St, Portland, ME for Sale
$10,950,000 USD
Loft/Creative Space - FOR SALE
1/9
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609-615 Congress St
Portland, ME 04101
City Center


OVERVIEW

Location - Centrally located in the Portland Art’s District, the State Theatre building sits on the corner of the High Street and Congress Street major corridors. This corner sees over 19,000 vehicles daily (Maine DOT). 142 High Street presents a unique opportunity to own a Landmark in Portland’s Downtown at one of the most vibrant intersections in the city. Value - The diverse collection of tenants at below-market lease rates creates a unique opportunity to realize the upside and positively impact the NOI. Historic Landmark - Home to the State Theatre, the building combines historic significance with flexible repositioning potential - ideal for investors seeking stable cash flow with embedded value-add upside. Creative Commercial Ecosystem - Home to over 120 tenants spanning art, wellness, tech and culture – this building functions as a downtown innovation hub more than a traditional office setting. The atmosphere creates an attractive environment for prospective tenants.

FOR SALE DETAILS

PRICE

$10,950,000 USD

PRICE/SF

$107 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The State Theater Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

B3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Charles DayPorta & CompanyMore Info
207-838-3335

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Charles DayPorta & CompanyMore Info
207-838-3335

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.