Welcome to the August 2021 edition of the Portland Food Map restaurant real estate listings sponsored by The Boulos Company. This monthly column gathers in one convenient place the spaces available in Portland that could be potential sites for restaurants and food producers/retailers to locate their next business.
Even in these tough times for the hospitality industry some people are pursuing their dreams and opening new food businesses. Finding the right spot is one of the crucial early challenges in launching a new business and hopefully this new resource will make that step just a little bit easier.
West End
722 Congress St – the building that’s home to Yordprom Coffee and the now closed Figgy’s is for sale for $650,000.
101 York St – a 15,000 sq ft sub-dividable space in the new building on the corner of York and High Street is available for $15-20/sq ft (NNN). The space already has a hood vent and grease traps installed.
Arts District
555 Congress St – the former Five Fifty-Five building is for sale for $2,400,000.
44 Oak St – 4,347 sq ft on first and basement floors for $30/sq ft (MG).
Bayside
148 Anderson St – 3,000 sq ft in East Bayside located next to Tandem Coffee available for $17/sq ft (NNN).
170 Anderson St – 2,000 – 3,500 sq ft in East Bayside available for $15/sq ft (NNN).
15 Chestnut St – the 14,000 sq ft building that was the former home of Grace is for sale for $3,730,000.
360 Cumberland Ave – two spaces (900 sq ft on Cumberland Ave and a 1,000 sq ft space in a building set back from the street) are available for $24-25/sq ft (NNN).
31 Diamond St – this 2,800 – 22,034 sq ft industrial space in East Bayside is available for $16/sq ft (NNN).
25 Portland St – 2 spaces in the Flat Iron Block (600 and 725 sq ft) are available for $1,300 and $1,500/month respectively.
34 Portland St – the 4,256 sq ft building that was formerly occupied by Candy’s is available for $3,500/month.
24 Preble St – the 2,800 sq ft former home of Arcadia is available for $20/sq ft (NNN).
Old Port
1 Commercial St – the original location of Benkay at the corner of Commercial and India Streets is available. The 2,494 sq ft is for lease at $35/sq ft (NNN).
30 Danforth St – 3 units (1,800, 1,881, 2,900 sq ft) are for lease at $2,475 – $3,950/month (MG).
88 Danforth St – a 1,231 sq ft free standing building on Danforth Street is for sale for $320,000.
18 Exchange St – 1,800 sq ft of retail space for lease at $6,950/month (MG).
19 Exchange St – 1,000 sq ft of basement space formerly occupied by Blake Orchard for $1,100/month (MG).
446 Fore St – 1,600 – 3,400 sq ft in the former Pearl space with entrances on Wharf and Fore Streets is available for $30-40/sq ft (MG).
505 Fore St – The 2,996 sq ft former Pizzarino space is available for $24/sq ft (NNN).
40 Free St – A new building is under construction on Free Street by JB Brown. The first floor will have 4/5 storefronts ranging in size from 1,358 to 3,067 sq ft. The construction is expected to be completed in 2021. The rate is $30/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 $24/sq ft (NNN).
111 Middle St – this 1,600 sq ft space has a storied past as the former location of Piccolo and before that Bresca. It’s available for $3,500/month (NNN), the building is also for sale.
28 Monument Square – the former Maine Squeeze juice bar in the Public Market House is for lease. Contact leasing@juicery.com for more information. Also, the second floor space formerly occupied by Sichuan Kitchen is available, call (207) 939-0980 for information.
2 Portland Square – the turnkey former Walter’s is on the market. 3,219 sq ft for $28/sq ft (MG).
3 Portland Square – This new building will include 2,500 – 20,000 square feet of retail space for$28.50/sq ft.
3 Spring St – the 2,554 – 3,500 sq ft former Lio space is available at $19/sq ft (NNN).
India/Washington Ave
47 India St – the former Lois’ Market; 1,000 – 3,300 sq ft for $3,000 – $8,200/month (NNN).
100 Fore St – 2 retail spaces are available in a new building planned for Fore Street. 1,141 and 1,914 sq ft respectively, $27 – 30/sq ft (NNN).
Forest Ave
333 Forest Ave – a 2,468 retail space is available for $16/sq ft (MG).
701 Forest Ave – this former Rite Aid building is being converted and has 4 retail spaces available for $20-25/sq ft (NNN).
1190 Forest Ave – located right in the center of Morrill’s Corner. 3,000 – 5,082 sq ft at $12 – 20/sq ft (NNN).
1569 Forest Ave – a 1,400 sq ft “soon to be completed restaurant/retail building” is available on outer Forest Ave.
Other
865 Brighton Ave – a 1,232 sq ft former gas station/quick market is for sale for $400,000.
1041 Brighton Ave – 1,500 -7,000 sq ft of space available in the strip mall that’s the longtime location of Panda Garden. The space is available for $10-13/sq ft (NNN).
441 Congress St – The 2,400 sq ft former home of Guitar Grave across the street from 1 Monument Square is available for $20/sq ft.
240 Saint John St – 1,600 – 10,000 sq ft in Union Station Plaza for $12-14/sq ft (NNN)
Westgate Shopping Center – two spaces are for least at $17-37/sq ft (NNN).
23 Lincoln St, Biddeford – a 12,600 sq ft space divided equally on two floors, each floor has a kitchen with hoods is available for $11/sq ft (NNN). Contact Tony Delois for more information at anthony@uncommongroups.com.
Other Spaces – some vacated restaurant spaces haven’t yet been formerly listed for by the owner. Check the closing announcements for the latest 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.