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235 Portland Rd 37,600 SF 73% Leased Office Building Gray, ME 04039 $3,950,000 ($105.05/SF)

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INVESTMENT HIGHLIGHTS

  • 3 commercial/office buildings
  • 580' frontage on Route 100/Portland Road

EXECUTIVE SUMMARY

Highly visible 37,600± SF office campus comprised of 3 commercial/office buildings with ample on-site parking and development potential. Building 1: Fully leased! 19,600± SF consisting of 1st floor office and lower level industrial space. Building 2: 15,000± SF of shell condition office/commercial space; tenant occupies 3,071± SF in the basement. Building 3: 3,000± SF consists of turnkey office space with a large warehouse in the rear. A national credit tenant recently signed a corporate-backed long-term lease occupying 22,671± SF (all of Building 1 and 3,071± SF in Building 2). Excellent owner-user opportunity to occupy the remaining space and have tenants pay your mortgage. Great exposure with 580' of frontage on Route 100/Portland Road. Less than 3 miles to I-95 and about 5 minutes to the center of town. Financials available upon request.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
37,600 SF
Building Class
B
Year Built/Renovated
1990/2001
Price
$3,950,000
Price Per SF
$105.05
Percent Leased
73%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
18,800 SF
Building FAR
0.06
Lot Size
14.00 AC
Zoning
Commercial - Commercial

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste Fls 1 & 2
  • 5,000-10,000 SF
  • Office
  • -
  • Now
Space Size Space Use Condition Available
1st Fl-Ste Fls 1 & 2 5,000-10,000 SF Office - Now

1st Fl-Ste Fls 1 & 2

Size
5,000-10,000 SF
Space Use
Office
Condition
-
Available
Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
GRAY-000064-000036-000002
Land Assessment
$347,600
Improvements Assessment
$2,053,000
Total Assessment
$2,400,600
  • Listing ID: 38226656

  • Date on Market: 10/27/2025

  • Last Updated:

  • Address: 235 Portland Rd, Gray, ME 04039

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