Welcome to the September 2024 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.
Arts District
547 Congress St – the 1,582 sq ft space formerly occupied by Broken Arrow is for lease for $3,800/month (NNN).
553 Congress St – the commercial kitchen in the former Five Fifty Five space (now leased by the Core Cannabis Museum) is available to a co-tenant for $2,000/month (MG).
554 Congress St – 1,621 sq ft former Dunkin’ Donuts space for $2,301/month (NNN).
594 Congress St – the 2,592 sq ft space in the Upper H. H. Hay Building formerly occupied by Starbucks is available for $28/sq ft (MG).
602 Congress St – The ~1,500 sq ft ground floor space at the corner of High and Congress is available to lease. The Schwartz Building has been under renovation for a decade. For more info contact Joe Atwood at (207) 899-7373.
Bayside/Inner Washington
219 Anderson St – Blue Lobster’s former tasting room in the Rockingham Electric building is available; 2,700 sq ft for $16/sq ft (NNN).
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 later this year.
147 Cumberland Ave – the Union Bagel Co. space is available to lease for $1,750/month (MG). Over all the building has ~600 sq ft of space between the first floor and basement. It also features a fenced in back deck area that can seat 20+ people. Some equipment from the bagel bakery is also for sale. For more information contact unionbagelco@gmail.com. Union Bagel has moved their production facility to Falmouth.
52 Hanover St – On the first floor of the Armature is 1,500 – 3,000 sq ft of retail space available for $30/sq ft (NNN). One spot in the building has earmarked for a coffee shop.
178 Kennebec St – 2,644 sq ft of space are available in a newly constructed Bayside building for $25/sq ft (NNN).
55 Washington Ave – this 7,815 sq ft space is in the Nissen Bakery building right in between Cong Tu Bot and Hardshore Distillery. It’s available for $13,708/month (NNN).
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).
15 Chestnut St – the building that was home to Grace restaurant is for sale. It includes the property, business assets and all FF&E. The restaurant seats 175 and features a large circular bar on the first floor of the former church. The building has 14,358 sq ft of space. It’s for sale for $2,985,000.
185 Commercial St – a new building on Commercial Street has a 2,334 sq ft ground floor retail space that is available for $55/sq ft (NNN).
266 Commercial St – a 6,689 sq ft retail space is available in this new construction building for $20-22/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).
8 Exchange St – 1,800-3,600 sq ft of space formerly occupied by The Bar & Bites on lower Exchange Street is available for $34.99/sq ft (MG).
89 Exchange St – The space that had previously been the home of Dobra Tea is back on the market. The 1,350 sq ft space is available for $45/sq ft (MG).
201 Federal St – a 2,300 sq ft space in the new 18-story Casco building is available for $40/sq ft (MG). The building owners are looking for someone who wants to open a market in that space.
420 Fore St – the space formerly occupied by the Old Port Slice Bar is for lease. The 2,600 sq ft space is available for $40/sq ft (MG).
477 Fore St – the 1,361 sq ft space formerly occupied by B + B Bakery is available for $30/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).
100 Middle St – a 350 sq ft cafe space on first floor of an Old Port office building is available for $850/month (MG).
111 Middle St – the 1,622 sq ft former Cabana building is for lease for $3,500/month (NNN). See this post on instagram for more information about the property and its history.
115 Middle St – the 2,065 sq ft space formerly occupied by Beach Boys Cannabis is for lease for $6,840/month (MG). Back in the 1970s it had been the home of Model Food Importers which retailed wine, cheese and other imported foods.
121 Middle St – a 2,482 sq ft retail spot is available for $45/sq ft (MG).
157 Middle St – 2,039 – 5,155 sq ft of retail space is available for $27.95/sq ft (MG).
184 Middle St – this newly renovated space becomes available in August. It was formerly occupied by Blanche & Mimi. It includes 1,169 sq of first floor retail and 808 sq ft of basement storage space all for $48.43/sq ft (MG).
5 Milk St – this 2,199 sq ft former hair salon is available for $28/sq ft (NNN).
1 Monument Square – 1,500 sq ft of first floor space adjacent to Cera is available for $25/sq ft (MG).
28 Monument Square – a number of spots on the first and second floors of the Public Market House are available.
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 space formerly occupied by Stage Cannabis is for lease; 2,000 sq ft for $15.50/sq ft (NNN).
53 Wharf St –a 1,600 sq ft space on the corner of Wharf and Union Streets is available for $30/sq ft (MG).
Old Port Bar – an undisclosed 1,160/sq ft bar/restaurant in the Old Port is for sale for $195,000.
India Street Area
239 Congress St –the 780 sq ft space formerly occupied by Tiny Tims is available for $2,500/month (Absolute Gross). It’s nearby Cocktail Mary, The End of Portland, Quanto Basta and LB Kitchen.
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 $22-29/sq ft (NNN).
Outer Forest Ave
503 – 509 Forest Ave – the exterior of this building is slated to be restored to its historic design. It has 1,268 – 6,313 sq ft of space available for $10-15/sq ft (NNN).
Deering
164 Veranda St – the 1,000 sq ft former location of Other Side Deli is available for $2,500/month (Gross).
550 Washington Ave – 2,000 – 2,400 sq ft of the former Botto’s bakery is available to lease for $18/sq ft (NNN).
Elsewhere in Portland
Northgate Shopping Center – 1,500 to 2,000 sq ft of space is available.
Westgate Shopping Center – three spaces are for lease 1,400, 3,800 and 5,000 sq ft. The lease rates are negotiable and the property owner has a strong interest in finding a restaurant tenant for the shopping plaza.
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
The Downs – A 2,019 sq ft restaurant space is for sale in The Downs mixed use development.
188 Lincoln St, Lewiston – this 2,371 – 5,554 sq ft former fire station has been renovated for use as a retail/restaurant space. It’s listed at $5-14/sq ft (NNN). See this instagram article for additional information on the building and the neighborhood.
372 Cottage Rd, South Portland – the building that formerly was home to Omi’s Coffee Shop is for sale for $675,000. Contact Gail Bruzgo at 372maine@gmail.com for more information.
60 Mile Rd, Wells – the former Varano’s Restaurant building and a 2 bed room apartment are for sale for $2,095,000.
449 Main St, South Portland – the former Rudy’s Diner and an adjacent home are for sale for $975,000.
Billy’s Chowder House – both the building and business of Billy’s Chowder House in Wells is for sale. The ~200 seat restaurant comes with a 62-car parking lot and sits on Mile Road which connects Route 1 with Wells Beach.
Joshua’s in Brunswick – Joshua’s Tavern at 121 Maine Street is closing at the end of this month and the 4,500 sq ft restaurant is available to lease for $20-25/sq ft (NNN).
145 Ocean St, South Portland – the BenReuben’s building in South Portland will become available with the closure of the knishery in September. The ~1,000 sq ft space is for lease for $3,000/month (MG). Contact Josh at (207) 408-3879 for more information.
Trudy Birds, North Yarmouth – The business, land and both building are for sale for $1,450,000.
358 Main St, Yarmouth – the building that had housed a collection of gluten-free baking businesses is for sale for $475,000.
Bayley’s Seafood, Scarborough – This 3,018 sq ft turnkey seafood restaurant is available to lease for $24/sq ft.
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.