Office for Sale
Catylist Listing ID: 30657499
Property Subtypes: Executive Suites, Coworking, High-Tech, Medical, Net Leased, Office Building, Research & Development, Other, General
Condo? Yes
Building Size (RSF): 3,045 SF
Gross Building Area: See Agent
Sale Price: $325,000
Ceiling: 9 ft.
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: 535 OCEAN AVENUE
Class of Space: Class B
Sale Terms: Cash to Seller, Purchase Money Mortgage, Other
Cap Rate: Undisclosed
Last Updated: 3/1/2021

Overview / Comments

We are pleased to offer this 3,045 +/- square foot medical office / office condominium located at 535 Ocean Avenue in Portland, Maine. Completely renovated over the last several years, this unit offers large open waiting room connected to reception room with glass slider, nine exam rooms with plumbing, six private offices, a full kitchen, bathrooms (including handicap accessible bathroom), and high end finishes throughout. Other amenities include speciality flooring, wired WiFI hot spots and speakers in ceiling, ample onsite parking, deeded elevator access from adjacent structure, and potential to add an elevator within room built originally for an elevator shaft. This is a must see for any medical office looking for a turnkey set up, all general businesses owner occupants, and investors. Condo is also available for lease.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Submarket/Township: Greater Portland
Tax ID/APN: 163 E003
Is Condo?: Yes
Zoning: RP
Property Located Between: Washington Avenue
Property Visibility: Excellent
Highway Access: Minutes from I-295, Route One, and the Maine Turnpike.
Airports: Within 15 minutes to Portland International Jetport
Site Description: In common, onsite
Area Description: Located in Portland, Maine on Ocean Avenue near the corner of Washington Avenue and in close proximity to Baxter Boulevard, and I-295.
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1987
Year Renovated: 2018
Construction/Siding: Aluminum Siding
Parking Type: Surface
Parking Description: Ample onsite parking.
Passenger Elevators: 1
Sprinklers: Other
Heat Source: Central
Air Conditioning: Package Unit, Other
Internet Access: Cable, Fiber Optic
Interior Description: Turnkey medical office set up with large waiting room, reception, plumbed exam rooms, private offices, storage, and much more.
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: Condo Association. See broker for details.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,837 71,790 116,242
Median Age: 40.75 37.77 39.18
Households: 5,930 33,275 52,053
The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.