1st Floor Corner Unit 6,100±
Retail-Commercial-Office for Lease
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other Contiguous Space: 1,400 - 6,037 SF Building Size (RSF): 130,000 SF Gross Building Area: See Agent Lease Rate: $16.50 - 20 PSF (Annual)
Lease Types: Modified Gross Ceiling: 22 ft. Building Name: OCEAN GATE PLAZA Last Updated: 6/10/2016
Overview / Comments
We are pleased to offer for lease the signature retail wing of Ocean Gate Plaza located at 511 Congress in Portland, Maine. Currently occupied by Maine International Trade, this 6,100± square foot 1st floor space offers unbeatable exposure on Congress Street with its own exterior entrance and the potential for outdoor seating for restaurants. The premises offers an abundance of natural light, high ceilings (equivalent to two open floors), and a flexible floor plan ideal for all types of retail and office uses looking for mainstream exposure. The adjacent 2,200± square foot unit can be combined with this space to prove over 8,000± square feet of first floor space. Subject to approvals, a mezzanine can be added within the wing to provide various configurations of retail, restaurant, and/or office.
The current layout of the premises provides an executive board room, 4-5 offices, separate reception/lobby, small conference room, kitchenette/break room, large open area for retail or workspace with floor to ceiling glass (22 foot ceiling height), multi-stall men and womens’ bathrooms, copy/mail room, server room, and closets throughout.
Since coming under new ownership in 2013, the Landlord has renovated many portions of the interior and the exterior of the building with additional Class A finishes and features including a complete remodel of the main lobby and entrance, LED exterior and interior lighting, keyless card entry upgrades, and a rebrand of the entire building and the propertys’ Congress Street Courtyard. Other amenities of Ocean Gate Plaza include onsite security (during business hours), onsite trash and recycling, shared rear loading dock with elevator access, dry basement storage, and onsite surface parking. The property is minutes from I-295, the Maine Turnpike, and US Route One and is in walking distance to Portland Harbor and Old Port. Congress Street was named one of the top ten streets in America by the American Planning Association.
Suite: 1 6,037 SF $16.50 - 20 PSF (Annual) Modified Gross Level/Floor: 1 Space Available: 6,037 SF Minimum Divisible: 1,400 SF Lease Rate: $16.50 - 20 PSF (Annual)
Lease Type: Modified Gross Space Description: This rare leasing opportunity provides 1,400 - 6,037 +/- square feet of retail, restaurant, and/or high exposure office space located within the most prominent retail wing of Ocean Gate Plaza. Currently occupied by Maine International Trade, this unit offers unbeatable main stream exposure with highly visible band signage along Congress Street and the Ocean Gate Courtyard, a unit specific main entrance with a vestibule (plus one entrance from Lobby and emergency access off side of unit), potential for outdoor seating in Ocean Gate Plaza, 22 +/- foot ceilings in Congress Street portion of unit, and floor to ceiling glass panels around Congress Street and the Courtyard. The premises is located above a highly functional basement that provides a Tenant with an opportunity for some additional storage or mechanicals for a restaurant use as well as easy access to utilities and plumbing throughout the space. Space Subcategory: Office Showroom, Free-Standing Store Date Available: 6/1/2016 Space Type: Relet Conference Rooms: 2 Offices 5 Kitchen Yes
Nearest MSA: Portland-South Portland County: Cumberland Tax ID/APN: 5526 Zoning: B3 - DOWNTOWN BUSINESS Retail Clientele: General, Family, Traveler, Tourist, Other Property Visibility: Excellent Highway Access: Minutes to I-295, the Maine Turnpike and US Route One Airports: Less than 15 minutes from the Portland Jetport Site Description: General amenities of Ocean Gate Plaza include Class A finishes throughout with recent renovations to common areas and exterior, on-site parking, 24 hour access, on-site security during business hours, a vibrant first floor consisting of retail, food service, and high exposure office, shared rear loading dock access leading to elevator, dry basement storage available (separate cost), on-site trash and recycling. Area Description: 130,000± square foot Office Tower that defines the skyline of Downtown Portland's Peninsula. The property is considered the Gateway to Portland's Financial and Arts Districts and is within walking distance of the Portland Harbor and the Old Port. Tenancy: Multiple Tenants Total Number of Buildings: 1 Number of Stories: 1 Property Condition: Excellent Year Renovated: 2015 Roof Type: Flat Construction/Siding: Brick Exterior Description: Two retail wings abutting Congress Street attached to a Class A Office Tower with oversized glass windows on all nine floors, beautiful outdoor courtyard on Congress Street with renovations completed in Spring of 2015, rare on-site surface parking (subject to availability and at market rates), highly visible signage for first floor tenants & potential for signature signage on rooftop (rooftop signage subject to approvals and for additional cost). Parking Type: Surface, Other Parking Description: Parking is available on-site on surface lots that are part of the property and in area garages with block parking secured by Landlord. All parking is leased monthly at market rates and is subject to availability. Passenger Elevators: 3 Freight Elevators: 0 Sprinklers: Wet Heat Type: Electricity, Natural Gas, Other Heat Source: Central, Wall Units Air Conditioning: Package Unit, Other Internet Access: Cable, Other Interior Description: The main lobby was renovated in 2015 with new tile flooring, lighting, and other Class A finishes throughout. The first floor lobby offers on-site security during business hours, direct interior access to various first floor tenants, and chic directory signage. Water Service: Municipal Sewer Type: Municipal