Restaurant Real Estate: October 2023

Welcome to the October 2023 edition of the Portland Food Map restaurant real estate listings sponsored by The Boulos Company—a commercial real estate brokerage that has helped Maine’s restauranteurs buy and lease restaurant spaces since 1975.

This resource gathers in one convenient place the spaces available in Portland (and a few in the surrounding area) that could be potential sites for restaurants and food producers and retailers to locate their next business. Finding the right spot is one of the crucial early challenges in launching a new business and hopefully this resource will make that step just a little bit easier.

West End/Parkside

867 Congress St – the 3,200 sq ft former church that had been slated to be the new home of Vena’s is for sale for $775,000.

2 Pine St – Part of the former Treasure Chest space in Longfellow Square is for lease. Enterprise Records has moved into the right-hand portion with the remainder (adjacent to Weekend Vintage) still available. Call (207) 773-7100 for more details.

235 Vaughan St – the 700 sq ft space most recently occupied by Other Side Deli and which had been the longtime home of Vaughan Street Variety is for lease. Call (207) 650-0846 for more information.

Arts District

554 Congress St – 1,621 sq ft former Dunkin’ Donuts space with hood for $2,301/month (NNN).

600 Congress St – for lease signs are in the window of the ground floor space at the corner of High and Congress. The Schwartz Building has been under renovation for a decade. For more info call (207) 773-7100.

44 Oak St – 4,347 sq ft of space in a beautiful historic building at the corner of Oak and Free Streets is available for $15.50/sq ft (NNN).

Bayside

73 Cove St – a 5,519 sq ft industrial space in East Bayside is listed for $35/sq ft; it’s expected to become available in 2024.

46 Elm St – this 385 sq ft corner space in the parking garage at the corner of Elm Street and Cumberland Ave. It’s available for $500/month (MG).

52 Hanover St – On the first floor of a new building will be 1,500 – 4,500 sq ft retail space available for $30/sq ft (NNN).

178 Kennebec St – 2,644 sq ft of space are available in a newly constructed Bayside building for $25/sq ft (NNN).

34 Portland St – the 3,400 sq ft building that was formerly occupied by Candy’s is for sale for $525,000.

Old Port

1 Canal Plaza – 4,284 – 14,412 sq ft of ground floor retail space will be available as part of upcoming renovations; $30/sq ft (NNN).

1 Commercial St – the original location of Benkay at the corner of Commercial and India Streets is undergoing renovations. The 900-2,950 sq ft is for lease at $35/sq ft (NNN).

100 Commercial St – 1,535 sq ft of retail space at the corner of Commercial and Portland Pier is for lease for $28.75/sq ft (MG)

185 Commercial St – a new building under construction will include 2,334 sq ft of ground floor retail space that will be available in 2024; $55/sq ft (NNN).

215 Commercial St – 2,487 sq ft of retail space near the corner of Commercial and Dana Streets is available for $65/sq ft (MG).

327 Commercial St – the former Tiqa restaurant is for lease—7,981 sq ft @ $30/sq ft (NNN)—or for sale for $3,500,000.

383 Commercial St – 1,193 – 4,805 square feet of space in a newly constructed building on Commercial Street is available for $28/sq ft (NNN).

441 Congress St – the 2,400 sq ft former Guitar Grave retail space is available for $15/sq ft (MG).

201 Federal St – 2 retail spaces will be available in the new 18-story building under construction at the corner of Temple and Federal Streets. The 527 and 2,300 sq ft spaces are listed at $40/sq ft (MG).

420 Fore St – the space formerly occupied by the Old Port Slice Bar is for lease. Details are TBD.

446 Fore St – a 1,600 sq ft space on the corner of Fore and Union Streets is available for $30-40/sq ft (MG).

40 Free St – a 1,511 sq ft space in the new building constructed by JB Brown is available for $27.50/sq ft (NNN).

46 Market St – the 2,100 sq ft space formerly occupied by Petite Jacqueline is for lease for $45/sq ft (NNN).

55 Market St – this 3,700 sq ft space on Market Street was formerly occupied by the Big Easy. It’s available for $18/sq ft (NNN).

121 Middle St – a 2,482 sq ft retail spot is available for $45/sq ft (MG).

157 Middle St – 1,091 – 5,155 sq ft of retail space is available for $27 – 29.95/sq ft (MG).

1 Monument Square – 1,500 sq ft of first floor space adjacent to Cera is available for $3,125/month (MG).

28 Monument Square – a space on the 2nd floor of the Public Market House is avaialble (143 sq ft with a base rent of $1,185 + utilities and CAM charges—call  413-636-9688 for details).

25 Pearl St – 1,689 sq ft former Subway space available for $30/sq ft (MG).

66 Pearl St – 5,796 sq ft of space—the former Bull Moose retail shop—is available for $15.75/sq ft (MG).

3 Spring St – the commercial kitchen in the Stars & Stripes Brewery tasting room is available to lease for $2,000/month + utilities.

144 State St – 2 retail spaces will be available in the development in the former Mercy Hospital building on State Street. The 1,100 and 2,566 sq ft spaces are available for $26/sq ft (MG).

15 Temple St – the 2,086 sq ft space formerly occupied by Bubble Maineia is available for $26/sq ft (MG).

23 Temple St – a 947 sq ft retail space in the Temple Street garage is available for $26/sq ft (MG).

110 Thames St – a 2,700 sq ft space is available in the newly constructed building in the Portland Foreside development, $35/sq ft (NNN).

53 Wharf St –a 1,600 sq ft space on the corner of Wharf and Union Streets is available for $30-40/sq ft (MG).

India Street

144 Fore St – the former VA building is near the Portland Foreside development and adjacent to several new office buildings off Thames Street. It has 1,560 – 10,620 sq ft of space available for $24-29/sq ft (NNN).

Forest Ave

301 Forest Ave – the former Higher Concept space is for lease, 4,000 sq ft at $15/sq ft (NNN).

503 – 509 Forest Ave – the exterior of this building is slated to be restored to its historic design. It has 4,500 – 9,500 sq ft of space available for $10/sq ft (NNN).

701 Forest Ave – 3,147 – 6,405 sq ft with parking available for $18/sq ft (NNN).

Deering Center

476 Stevens Ave – the Elsmere BBQ building in Deering Center is for sale for $1,450,000; the sale includes all FF&E inventory.

Elsewhere in Portland

1091 Congress St – the former Denny’s building and parking lot are available to lease; 4,901 sq ft at $25.50/sq ft (NNN).

43 York St – this 1,800 sq ft space is tucked around the corner from Yosaku on York Street. It’s available for $3,000/month (MG).

Northgate Shopping Center – 2,000 to 5,700 sq ft of space is available.

Westgate Shopping Center – three spaces are for lease at $18-40/sq ft (NNN).

Other Spaces – some vacated restaurant spaces haven’t yet been formerly listed for by the owner. Check the closing announcements for the latest information.

Outside of Portland

Bath – the former  home of Salt Pine Social is available. The 3,535 sq ft building is available for $16/sq ft (NNN).

372 Cottage Rd, South Portland – the former Omi’s Coffee Shop is available for lease. Call Jennifer Davies at (207) 650-9944 for more information.

Glossary

MG – Modified Gross which indicates that the operating expenses (taxes, insurance, maintenance, etc.) for the property are included in the lease rate. The tenant would pay its own utilities, which sometimes includes heat.

NNN – Triple Net which indicates that operating expenses are not included in the lease rate, and the tenant will pay them separately. They are often referred to as CAM (Common Area Maintenance) charges and taxes, which are expressed as $/sf. The tenant is also responsible for utilities.

Gross – Gross indicates all expenses including utilities are included in the lease rate. The tenant would be responsible for phone and internet access, as well as interior janitorial.

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