Share This Listing

Message

962 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

1685 Congress St 32,134 SF 100% Leased Office Building Portland, ME 04102 $10,914,245 CAD ($339.65 CAD/SF) 7.42% Cap Rate

Save this listing!

Favourite this listing to get notified of price updates, new media and more

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
$10,914,245 CAD
Price Per SF
$339.65 CAD
Cap Rate
7.42%
NOI
$809,311 CAD
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 healthcare-at-home services, including home health, hospice, and palliative care. Headquartered in Baton Rouge, Louisiana, the company operates across 38 states and Washington, D.C., serving more than 465,000 patients annually. Amedisys offers skilled nursing, therapy, and high-acuity care through its subsidiary Contessa Health. In 2025, Amedisys became a wholly owned subsidiary of UnitedHealth Group’s Optum division following a $3.3 billion acquisition, marking a significant milestone in its growth strategy. The company is recognized for its clinical quality, with 99% of its home health centers achieving four stars or higher in CMS ratings. Amedisys continues to expand its footprint and innovate in home-based care delivery, positioning itself as a key player in value-based healthcare.

  • 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
$2,739,383 CAD
Improvements Assessment
$4,863,476 CAD
Total Assessment
$7,602,859 CAD
  • Listing ID: 38971647

  • Date on Market: 2026-01-05

  • Last Updated:

  • Address: 1685 Congress St, Portland, ME 04102

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}