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1685 Congress St 32,134 SF 100% Leased Office Building Portland, ME 04102 $7,900,000 ($245.85/SF) 7.42% Cap Rate

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EXECUTIVE SUMMARY

STROUDWATER CROSSING
32,134± SF professional/medical office building on 8.92± AC lot
100% occupied with long-term NNN Tenants
Central location between The Maine Mall and Downtown Portland with easy access from I-295 and I-95
Ample parking at 5:1 ratio
NOI of $585,799.00

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
32,134 SF
Building Class
C
Year Built/Renovated
1986/2025
Price
$7,900,000
Price Per SF
$245.85
Cap Rate
7.42%
NOI
$585,799
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
10,218 SF
Building FAR
0.08
Lot Size
8.92 AC
Zoning
Commercial - Office and Business Services Stroudwater Crossing is within Portland’s Historic District
Parking
120 Spaces (3.91 Spaces per 1,000 SF Leased)

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Health Care and Social Assistance
  • -
  • $9.99
  • Lorem Ipsum
  • -

Amedisys, founded in 1982, is a leading provider of home-based healthcare services headquartered in Baton Rouge, Louisiana. The company delivers a range of services, including skilled nursing, physical and occupational therapy, speech-language pathology, medical social work, and hospice care. Amedisys operates across multiple states, serving patients in their homes to promote recovery and quality of life. Over the years, the company has expanded through strategic acquisitions, including Beacon Hospice and TLC Health Care Services, strengthening its position in the home health and hospice markets. In 2023, Amedisys was acquired by Option Care Health, further integrating its services into a broader healthcare network. The company remains focused on delivering personalized care plans and collaborating with healthcare providers to ensure continuity of care for patients.

  • Finance and Insurance
  • -
  • -
  • -
  • Jan 0000

When clients' partner with RPS, they receive the benefits of a large, national insurance organization that has maintained an entrepreneurial spirit and commitment to culture found in regional niche agencies. Employees are welcomed into a culture that values community, innovation and collaboration – a culture that contributes to RPS being recognized as a top insurance workplace.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Health Care and Social Assistance - $9.99 Lorem Ipsum -
Finance and Insurance - - - Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
PTLD-000219-000000-A013001
Land Assessment
$1,992,800
Improvements Assessment
$3,538,000
Total Assessment
$5,530,800
  • Listing ID: 38971647

  • Date on Market: 1/5/2026

  • Last Updated:

  • Address: 1685 Congress St, Portland, ME 04102

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