307 Cumberland Avenue

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307 Cumberland Avenue

Portland, ME 04101
Asking Price
$4.90M
Asset Type
Traditional Office Office
Class
Class B

AI Property Summary

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

  • Traditional office building available for purchase in Portland
  • Located centrally within the established Portland Peninsula district
  • Asset priced at four million nine hundred thousand dollars
  • Well-suited for business owners seeking a professional office space
  • Positioned within a key Maine commercial and economic hub

What's Special

This office property at 307 Cumberland Avenue in Portland, Maine, is available for sale and presents a functional layout for an owner-user operation. Situated within the Portland Peninsula, the traditional office space benefits from the city's robust regional economy and its position as a central hub for commerce in the state. The location provides accessibility to local infrastructure and the surrounding business community, making it suitable for professional services, corporate headquarters, or specialized firms seeking a permanent presence in the downtown area. Portland maintains a stable market environment characterized by a diverse mix of healthcare, technology, and maritime industries. Prospective buyers can leverage this location to establish a consistent operational base within a primary commercial district. The scale and positioning of the building allow for various interior configurations to meet specific organizational requirements, ensuring long-term utility for a business owner looking to acquire a footprint in this dense urban market.

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NOI
$80,000
Cap Rate
1.63%
DSCR
0.27
Underwater
Cash-on-Cash
-14.35%
Monthly Payment
$24,242.526
Annual Cash Flow
$-210,910.318

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