Welcome to the December 2022 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 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. 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
156 State St – 1,250 – 7,550 sq ft of space on the first floor of the Portland Club is available for $13.50 – 24/sq ft (NNN).
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).
642 Congress St – the former Ada’s space is available to sublet; 2,569 sq ft (MG).
649 Congress St – the 3,000 sq ft former Dos Naciones storefront is available for $22/sq ft (MG).
142 High St – a 543 sq ft retail space in the State Theatre building that faces High Street is available for $35/sq ft (MG).
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 $20/sq ft (NNN).
Bayside
75 Chestnut St – a 2,100 sq ft ground floor retail space under construction in Bayside is for sale for $649,999.
31 Diamond St – this 2,800 sq ft industrial space in East Bayside is available for $2,500/month.
46 Elm St – this 2,400 sq ft corner space in the parking garage at the corner of Elm Street and Cumberland Ave. It’s available for $13/sq ft (MG).
52 Hanover St – a new building set to open in April 2023. On the first floor will be 1,500 – 4,500 sq ft retail space available for $30/sq ft (NNN).
82 Hanover St – the 3,067 sq ft former Yard space in Bayside is available for $30/sq ft (NNN); the sale includes all FF&E inventory.
178 Kennebec St – 2,644 sq ft of space are available in a newly constructed Bayside building for $30/sq ft (NNN).
127 Marginal Way – 3,040 sq ft of space that’s been the home of Allspeed Cycle & Snow is for lease for $32/ sq ft (NNN).
34 Portland St – the 4,256 sq ft building that was formerly occupied by Candy’s is for sale for $649,000.
65 Portland Street – the beautiful restaurant space that was home to Back Bay Grill for 34 years is available; 2,750 sq ft for $22/sq ft (MG).
24 Preble St – the former Arcadia space is available; 2,835 sq ft for $20/sq ft (NNN).
Old Port
Canal Plaza – the former Copper Branch building in Canal Plaza is available for $60/sq ft (NNN).
1 Commercial St – the original location of Benkay at the corner of Commercial and India Streets is undergoing renovations and is expected to be available in 2023. The 900-2,950 sq ft is for lease at $35/sq ft (NNN).
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 – 2,400 sq ft of retail space is available for $15/sq ft (MG).
443 Congress St – 5,280 sq ft of space for lease for $16-20/sq ft (MG). It’s located across Elm Street from the Portland Public Library.
86 Exchange St – the 1,438 sq ft Swiss Time space on upper Exchange Street is for lease for $31/sq ft.
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 2,500 – 21,911 sq ft of space available for $24-27.50/sq ft (NNN).
40 Free St – the new building constructed by JB Brown has four storefronts ranging in size from 1,358 to 3,067 sq ft for $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).
100 Middle St – a 350 sq ft cafe space on first floor of an Old Port office building is available for $850/month (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 for $3,125/month (MG).
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).
1 Pleasant St – an 1,800 sq ft restaurant space in the Cinnamon Building available for $25/sq ft (NNN).
15 Temple St – the 2,086 sq ft space formerly occupied by Bubble Maineia is available for $26/sq ft (MG).
110 Thames St – two spots (2,700 and 3,200 sq ft) are now available in the newly constructed building in the Portland Foreside development. Both are listed at $35/sq ft (NNN).
42 Wharf St – this 3,770 sq ft space in the Old Port includes a 2,000 sq ft patio, $45/sq ft (MG).
43 Wharf St – the former 1,350 sq ft Drink Exchange space is for lease for $43/sq ft (MG).
India/Washington Ave
100 Fore St – 1,914 sq ft of space that the listing says is “ideally suited for a restaurant use” is available for $30/sq ft.
47 India St – 1,000 sq ft of the former Lois’ Market building is for lease, $3,333/month (NNN).
Forest Ave
945 Forest Ave – the former Photo Market building is for sale for $995,000.
1871 Forest Ave – the former Tortilla Flat building is for sale for $3,800,000.
Other
936 Brighton Ave – 1,995 sq ft of space in an 11k sq ft building that’s the future home of Allspeed Cycle and Snow for $20/sq ft.
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).
476 Stevens Ave – the Elsmere BBQ building in Deering Center is for sale for $1,599,000; the sale includes all FF&E inventory.
Northgate Shopping Center – 2,200 to 5,700 sq ft of space is available.
Westgate Shopping Center – four spaces are for lease at $18-40/sq ft (NNN).
Biscuits & Co, Biddeford – Biscuits & Co closed on October 16th and the business and equipment is for sale. Contact Biscuitsandcompany@gmail.com for more information.
Buxton – the former Buxton Commons restaurant is available for sale or lease. Lease terms are $4,500/month (NNN) for 3,600 sq ft of space.
Longwoods Preserve – the Longwoods Preserve is seeking a partner to operate a restaurant on their 55-acre property in Cumberland. The 3,500 sq ft building is expected to seat 70-80 indoors plus a three season porch. For more information contact Joe Atwood at (207) 899–7373, 76longwoods@gmail.com.
18 Ocean St, South Portland – the 4,351 sq ft former Snow Squall is for lease for $15/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.
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.