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127-131 Middle St
Portland, ME 04101
Office Property For Sale
Executive Summary
THE RACKLEFF BUILDING
Classic historic brick Italianate style commercial building
•Features include: ornate facade, floor to ceiling windows, wood floors and ceilings, generously sized basement with direct elevator access, all levels ADA accessible, expansive full size attic and rear parking
•Prominent first floor retailers and upper floor office tenants
•Excellent investor or owner/user opportunity in the Old Port
Classic historic brick Italianate style commercial building
•Features include: ornate facade, floor to ceiling windows, wood floors and ceilings, generously sized basement with direct elevator access, all levels ADA accessible, expansive full size attic and rear parking
•Prominent first floor retailers and upper floor office tenants
•Excellent investor or owner/user opportunity in the Old Port
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
27,120 SF
Building Class
B
Year Built
1867
Price
$6,750,000
Price Per SF
$248.89
Percent Leased
75%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,780 SF
Slab To Slab
10’
Building FAR
2.83
Lot Size
0.22 AC
Opportunity Zone
Yes
Zoning
B-3 - Downtown Business
Amenities
- Bus Line
Property Taxes
| Parcel Number | PTLD-000028-000000-L007001 | Improvements Assessment | $3,464,800 |
| Land Assessment | $1,038,700 | Total Assessment | $4,503,500 |
Property Taxes
Parcel Number
PTLD-000028-000000-L007001
Land Assessment
$1,038,700
Improvements Assessment
$3,464,800
Total Assessment
$4,503,500
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