Office Building with Excess Land for Development

509 Ocean Ave, Portland, ME 04101

Property Information

  • For Sale $1,115,000
  • Property Type Office - General Office
  • Property Size 2,254 SF
  • Lot Size 1.53 Acre
  • Parking Spaces Avail. 43
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1914
  • Date Updated Jun 8, 2026

Description

Ocean Avenue office property steps from Payson Park with nearby recreational amenities and excess RN-3 zoned land for redevelopment.Free-standing, two-story office building on 1.53± acres on Ocean Avenue

Highlights

  • Efficient two-floor layout featuring a welcoming reception area, eight private offices, two restrooms, a conference room, and a kitchenette/breakroom
  • Excellent natural light with windows in every office
  • Excess RN-3 zoned land offers potential for future residential expansion or redevelopment, permitting up to four-family dwellings on lots as small as 5,000± SF
  • Ideally located just 450± feet from Payson Park, offering amenities such as a disc golf course, tennis courts, ice skating, walking trails, and a community garden

Contacts

Andrew Sigfridson

The Boulos Company

Location

Located at 509 Ocean Ave, Portland, ME 04101, this property is part of the Back Cove neighborhood and Portland ME market.

Contact Listing Broker
Andrew Sigfridson

The Boulos Company

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