Welcome to the May 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
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.
605 Congress St – Two spaces in the State Theater Building is available. They are 543 sq ft and 2,685 sq ft and are listed at $25-35/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.
84 Cove St – The 8,969 sq ft former Milk & Honey in Bayside is available for $13/sq ft (NNN).
360 Cumberland Ave – two spaces (900 sq ft on Cumbeerland Ave and 1,000 sq ft in a building set back from the street) are available for $24-25/sq ft (NNN).
178 Kennebec St – a new building under construction will have 1,800 – 5314 sq ft for lease at $30/sq ft (NNN).
23 Marginal Way – a 1,300 sq ft space in Century Plaza is available for $28/sq ft (NNN).
25 Portland St – 2 spaces in the Flat Iron Block (600 and 725 sq ft) ar 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 – former location of Arcadia is available.
225 Oxford St – 600-2,000 sq ft of build to suit space in a new building for $25/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).
266 Commercial St – 6,689 sq ft of new construction retail space will be available for $20-22/sq ft (NNN).
383 Commercial St – 4 street retail spaces will be available (1,631 – 1,971 sq ft) at $28/sq ft (NNN) in a new building under construction at the corner of Maple and Commercial Streets.
98 Cross St – a 991 sq ft retail space is available for $20/sq ft (MG).
18 Exchange St – 1,800 sq ft of retail space for lease at $6,950/month (MG).
425 Fore St – The former Five Guys is available. $2,900/sq ft and $40/sq ft (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).
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 early 2021. The rate is $30/sq ft (NNN).
56 Hampshire St – a 1,450 sq ft space in the new condo building on Hampshire Street is available for $24/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).
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.
66 Pearl St – the 5,796 space formerly occupied by Bull Moose is available for $15.75/sq ft (MG).
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 $23/sq ft (NNN).
23 Temple St – this 947 sq ft is located in the same building as the Nickelodeon. It’s for lease at $25/sq ft (MG).
India/Washington Ave
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
701 Forest Ave – this former Rite Aid building is being converted and has 4 retail spaces available for $20-25/sq ft (NNN).
1053 Forest Ave – the former Papa John’s on Forest Ave is available, 1,200 sq ft at $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).
118 Congress St – a 1,088 sq ft retail space on Munjoy Hill for $25/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.
469 Stevens Ave – the 850 sq ft space formerly occupied by Simply Scandinavian Foods is for lease for $1,500/month (MG).
Riverside Gold Course – the City of Portland is looking for someone interested in taking over the restaurant at the Riverside Golf Course.
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.
117 Route 1, Freeport – the former Conundrum building in Freeport is for sale for $1.2M.
111 Main St, Westbrook – the former Ruby Tuesday’s in Westbrook Crossing shopping plaza off of Brighton is for lease. Contact nick.margitza@wsdevelopment.com.
Other Spaces – some vacated restaurant spaces haven’t yet been formerly listed for by the owner (e.g. Piccolo). 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.