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The State Theater Building 609-615 Congress St 101,962 SF 100% Leased Office Building Portland, ME 04101 $10,950,000 ($107.39/SF)



Executive Summary
Value - The diverse collection of tenants at below-market lease rates creates a unique opportunity to realize the upside and positively impact the NOI.
Historic Landmark - Home to the State Theatre, the building combines historic significance with flexible repositioning potential - ideal for investors seeking stable cash flow with embedded value-add upside.
Creative Commercial Ecosystem - Home to over 120 tenants spanning art, wellness, tech and culture – this building functions as a downtown innovation hub more than a traditional office setting. The atmosphere creates an attractive environment for prospective tenants.
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
Since opening their first studio in Wellesley, MA in 2011, they have expanded to 15 states and continue to grow by sharing their blushtan™ concept through an exclusive licensing program called blushpro®. All licensed blushpro® consultants share their industry ideals and vow to maintain not just beauty, but also health and sunless education as their top priorities. No matter which blushtan™ studio you visit, they guarantee healthy, natural looking results for every skin tone, every time.
The Maine Project for Fine Art Conservation is a nonprofit fine art conservation lab-studio that preserves artworks for museums, historical societies, families, and individuals. The company focuses on conservation services that include examination, documentation, treatment, and preventative care, and it works with nonprofit organizations, governments, businesses, and private owners. The firm supports educational outreach through guest lectures, school presentations, professional internships, and training for insurance adjusters and agents. The organization protects New England's cultural heritage through conservation and preservation.
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
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Arts, Entertainment, and Recreation | - | $9.99 | Lorem Ipsum | - | |
|
Manufacturing | - | $9.99 | Lorem Ipsum | - |
Property Taxes
| Parcel Number | PTLD-000046-000000-D031001 | Improvements Assessment | $4,152,600 |
| Land Assessment | $1,759,700 | Total Assessment | $5,912,300 |
Property Taxes
Contact the Sale Advisor
The State Theater Building | 609-615 Congress St
