HIGHLY VISIBLE RESTAURANT / RETAIL BUILDING IN PORTLAND'S EAST END

Retail-Commercial for Lease
Lease Pending
Catylist Listing ID: 30073533
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Status: Pending
Contiguous Space: 980 SF
Gross Building Area: 980 SF
Gross Land Area: 0.13 Acres
Lease Rate: $3,000 (Monthly)
$36.73 PSF (Annual)
Lease Types: NNN
Ceiling: 10 ft.
Last Updated: 7/5/2017

Overview / Comments

We are pleased to offer for lease this 980+/- SF freestanding retail building in the bustling East End of Portland. With an unparalleled location on the corner of Cumberland and Washington Avenues, this former restaurant is an ideal and highly visible location for a new restaurant or for multiple retail uses. The location offers easy access from both Cumberland and Washington Avenue, onsite parking, and a patio for outdoor seating. The interior features an open dining area, a kitchen/prep/storage area with stubbed utilities, and additional storage and employee bathroom in the basement. Other amenities include a double sided 4'X 5' backlit pylon sign on the corner, ample signage around the facade, high traffic counts from two major roads, and plenty of foot traffic from surrounding neighborhoods. This is an ideal opportunity for restaurants and retailers looking for mainstream exposure in Portland's East End District.

Attachments & Media

Expand All Available Space

Suite: 1 980 SF $3,000 (Monthly) NNN
Level/Floor: 1
Status: Pending
Space Available: 980 SF
Lease Rate: $3,000 (Monthly)
$36.73 PSF (Annual)
Lease Type: NNN
Space Subcategory: Free-Standing Store, Neighborhood Center
Date Available: 5/3/2017
Lease Term: 60 Months
Space Type: Relet
Kitchen Yes
Parking Spaces 5
Tax Expenses $3,547 PSF (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 1398
Zoning: B2B
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Visibility: Excellent
Largest Nearby Street: On Corner of Washington Avenue & Cumberland Avenue
Feet of Frontage: 89
Traffic/Vehicle Count: 9,220
Highway Access: Within minutes to I-295 and Route 1.
Airports: Portland International Jetport
Site Description: Freestanding building on corner of Washington Avenue and Cumberland Avenue with onsite parking and outdoor seating.
Area Description: The East End of Portland has experienced a renaissance in recent years. Boutique shops, restaurants, cultural attractions, luxury condominium developments and walkable neighborhoods have made the East End arguably the most-desired location in Portland.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1939
Roof Type: Flat
Construction/Siding: Block, Brick, Concrete
Exterior Description: Stucco and brick exterior with oversized windows. Facade and free-standing pylon signage
Total Parking Spaces: 5
Parking Type: Surface
Parking Description: 5-8 on-site spaces
Heat Type: Natural Gas, Hot Water, Other
Heat Source: Wall Units
Air Conditioning: Package Unit
Interior Description: Current configuration provides indoor dining area, kitchen/food prep/storage area, unisex bathroom on main level with outdoor patio. Additional storage & bathroom in basement
Zoning Description: Community Business Zone
Lot Frontage: 89
Lot Depth: 60 +/-
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,456 70,949 114,794
Median Age: 33.7 37.61 39.41
Households: 9,600 33,519 51,551

Contact

Photograph of Listing Agent

Matthew Cardente

Cardente Real Estate NECPE Member

Source

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