504 Congress Street

Retail-Commercial for Lease
Also listed as Office
Catylist Listing ID: 30636278
Property Subtypes: Convenience Store, Day Care Facility, Garden Center, Mixed Use, Movie Theatre, Post Office, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other, General
Contiguous Space: 17,687 - 34,687 SF
Total Available: 17,687 SF
Building Size (RSF): 17,687 SF
Gross Building Area: 33,664 SF
Lease Rate: $4 PSF (Annual)
Base Monthly Rent: $5,895
Lease Types: NNN
Ceiling: 16 ft.
In Opportunity Zone? Yes
Building Name: 504 Congress St
Last Updated: 9/15/2020

Overview / Comments

Available for lease is a former live entertainment venue and restaurant space located at 504 Congress Street in Portland, Maine. The available space consists of 17,687 +/- sf of space on multiple floors within the facility and a capacity of 550 patrons. The facility consists of 7,700 +/- sf of ground floor space for live entertainment, 7,300 +/- sf of basement space for further venue entertainment, bathrooms and storage and 2,687 +/- sf of 2nd floor office space. The space consists of a built in entertainment stage, several bar areas, raised seating, kitchen, green room, exterior ticket windows, 5 office spaces and handicapped bathrooms. The live entertainment room enjoys 16' high ceilings that have been sprayed with sound insulation, HVAC, fully sprinklered and great accessibility while the rest of the space enjoys high ceilings, HVAC and full sprinkler system.

The facility can be expanded to include an additional 17,000 +/- sf of a fully functional restaurant and club space with full commercial kitchen, HVAC, sprinklered with a capacity of an additional 520 patrons.

Expand All Available Space

Suite: 504 Congress Street 17,687 SF $4 PSF (Annual) NNN
Level/Floor: Ground Floor, 2nd Floor & Basement
Space Available: 17,687 SF
Max Contiguous: 34,687 SF
Lease Rate: $4 PSF (Annual)
$5,895 (Monthly)
Lease Type: NNN
Space Description: Available for lease is a former live entertainment venue and restaurant space located at 504 Congress Street in Portland, Maine. The available space consists of 17,687 +/- sf of space on multiple floors within the facility and a capacity of 550 patrons. The facility consists of 7,700 +/- sf of ground floor space for live entertainment, 7,300 +/- sf of basement space for further venue entertainment, bathrooms and storage and 2,687 +/- sf of 2nd floor office space. The space consists of a built in entertainment stage, several bar areas, raised seating, kitchen, green room, exterior ticket windows, 5 office spaces and handicapped bathrooms. The live entertainment room enjoys 16' high ceilings that have been sprayed with sound insulation, HVAC, fully sprinklered and great accessibility while the rest of the space enjoys high ceilings, HVAC and full sprinkler system.

The facility can be expanded to include an additional 17,000 sf of a fully functional restaurant and club space with full commercial kitchen, HVAC, sprinklered with a capacity of an additional 520 patrons.
Space Subcategory: Mixed Use, Theme/Festival
Date Available: 8/1/2020
Space Type: Relet
Offices 5
Kitchen Yes
Tax Expenses $14,349 PSF (Annual)
CAM Expenses $1.16 PSF (Annual)
Rent Escalators Fixed Lease
Rent Escalators Description Negotiable

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 037 H013
Zoning: B3
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Visibility: Excellent
Largest Nearby Street: Congress Street
Feet of Frontage: 53
Highway Access: Easily accessible to I-95 and I-295.
Airports: Portland Jet Port
Site Description: Property Type: Retail, Entertainment, Office, Light Industrial, Storage HVAC: Trane HVAC units
Area Description: Downtown location with access to Portland's numerous restaurants and retailers.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 14,834 SF
Property Condition: Good
Year Built: 1940
Year Renovated: 2003
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Large glass windows entering the space off of Congress Street. Frontage includes built in ticket windows and large reader board over the entrance to the space.
Parking Description: Downtown parking in the near by parking garages and surface lots
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Renovated for a live entertainment venue with kitchen, storage and handicapped bathrooms.
Zoning Description: B-3 Downtown Business Zone
Lot Frontage: 53 feet
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,633 77,696 111,093
Median Age: 34.29 38.02 39.15
Households: 13,945 36,064 50,070

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