State Theatre Building
One of a kind investment property in downtown Portland
Marketing description
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.
Investment highlights
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.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
