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The State Theater Building 609-615 Congress St 101,962 sq ft 100% Let Office Property Portland, ME 04101 £8,183,044 (£80.26/sq ft)

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EXECUTIVE SUMMARY

Location - Centrally located in the Portland Art’s District, the State Theatre building sits on the corner of the High Street and Congress Street major corridors. This corner sees over 19,000 vehicles daily (Maine DOT). 142 High Street presents a unique opportunity to own a Landmark in Portland’s Downtown at one of the most vibrant intersections in the city.
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

Sale Type
Investment or Owner Occupier
Property Type
Office
Property Subtype
Studio / Creative Space
Property Size
101,962 sq ft
Costar Property Class
B
Year Built
1928
Price
£8,183,044
Price per sq ft
£80.26
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
6
Typical Floor Size
16,993 sq ft
Floor To Floor Height
11 ft
Plot ratio
3.49
Total Plot Size
0.67 ac
Opportunity Zone
Yes
Use Class
B3

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • sq ft OCCUPIED
  • RENT/sq ft
  • LEASE TYPE
  • LEASE END
  • Service type
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

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.

  • Arts, Entertainment, and Recreation
  • -
  • $9.99
  • Lorem Ipsum
  • -

The Maine Project for Fine Art Conservation-Project MEAC (ME Art Conservation) is the only non-profit Fine Art Conservation lab-studio in the State of Maine. They are committed to preserving art from museums and historical societies in Maine and New England and also strive to conserve artworks belonging to families and individuals. At Project MEAC they believe that these artworks belong to a complex historical patchwork. Conserving and preserving them will help define New England’s cultural heritage for future generations.

  • Manufacturing
  • -
  • $9.99
  • Lorem Ipsum
  • -

Yellahoose manages databases. MySQL, PosgreSQL, custom data management systems. Database management, analysis and reporting is how Yellahoose owner James Cradock got started in information technology. These remain core services of Yellahoose's business. Your data is one of the most critical assets, if not the most critical asset you have. James, Kofi and Chris' experience extends well beyond web design and development. They do these things, too! Yellahoose specializes in data management.

TENANT INDUSTRY sq ft OCCUPIED RENT/sq ft LEASE TYPE LEASE END
Service type - $9.99 Lorem Ipsum Jan 0000
Arts, Entertainment, and Recreation - $9.99 Lorem Ipsum -
Manufacturing - $9.99 Lorem Ipsum -
Walk Score®
Excellent pedestrian access (98)
Bike Score®
Ideal For Cyclists (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®
  • Listing ID: 36200214

  • Date on Market: 11/06/2025

  • Last Updated:

  • Address: 609-615 Congress St, Portland, ME 04101

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