509 Ocean Avenue

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509 Ocean Avenue

Portland, ME 04103
Asking Price
$1.11M
Asset Type
Traditional Office Office
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The traditional office asset features 2,254 square feet of total space
  • Current asking price for this commercial building is $1,115,000
  • Located on Ocean Avenue in the city of Portland, Maine
  • Suitable for various business uses including administrative and professional services
  • Strategically positioned within an established commercial submarket of the region

What's Special

Priced at $1,115,000, this traditional office property at 509 Ocean Avenue in Portland, Maine, provides 2,254 square feet of functional workspace. The asset is situated within a well-established submarket, benefiting from the consistent economic activity and coastal accessibility of the Portland metropolitan area. This region supports a diverse business landscape, ranging from professional services to specialized local enterprises. Prospective owners or tenants can leverage this professional environment for various administrative operations, medical practices, or creative studios. The layout offers versatility for a single occupant or a collaborative business structure looking for a footprint in a prominent Maine commercial corridor. With its strategic location, the property remains accessible to both local commuters and clients navigating the broader regional infrastructure.

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NOI
$80,000
Cap Rate
7.17%
DSCR
1.21
Tight
Cash-on-Cash
4.13%
Monthly Payment
$5,516.412
Annual Cash Flow
$13,803.06

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