Prime Downtown Portland Location Restaurant Space

Retail-Commercial for Lease
Catylist Listing ID: 30837912
Property Subtypes: Restaurant
Contiguous Space: 2,700 - 3,300 SF
Total Available: 2,700 SF
Gross Building Area: See Agent
Lease Rate: $19.50 PSF (Annual)
Base Monthly Rent: $4,387
Lease Types: Modified Gross
Ceiling: 14 ft.
In Opportunity Zone? Yes
Building Name: Portland Stage
Last Updated: 5/11/2023

Overview / Comments

Portland Stage, one of Maine’s largest fully professional, non-profit theaters is looking for a partner. Not in the business sense, but as an adjoining restaurant as they create a new marquee and façade, including 2,700+/-SF of newly renovated restaurant space, with a shared entrance to the Théâtre Lobby. The kitchen hood system will be upgraded and the new space includes a 600sf mezzanine. An additional 700+/- SF basement space is included at no cost. Your restaurant client can sign up early and participate in the buildout with expected completion date of August 2023.
This is a once in a lifetime chance to be part of Portland Maine's exciting downtown urban center hotel, tourism, arts and entertainment scene.

Expand All Available Space

Suite: 25 (27-29) 2,700 SF $19.50 PSF (Annual) Modified Gross
Level/Floor: 1st
Space Available: 2,700 SF
Max Contiguous: 3,300 SF
Lease Rate: $19.50 PSF (Annual)
$4,387 (Monthly)
Lease Type: Modified Gross
Date Available: 8/1/2023
Space Type: New
Tax Expenses $22,000 PSF (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Taxing Authority: City of Portland
Tax ID/APN: 037 A022001
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Located Between: Cumberland Ave and Congress St
Property Visibility: Excellent
Largest Nearby Street: Congress St SR 22
Feet of Frontage: 150
Highway Access: I-295, > 1 miles/ 5 minutes
Airports: Portland Westbrook Metro w/in minutes
Site Description: Historic Downtown arts, entertainment, lodging, retail and residential center of Maine's largest city
Area Description: Portland Maine downtown. Portland is the largest metro area north of Boston Massachusetts.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 4,000 SF
Property Condition: Excellent
Year Built: 1910
Year Renovated: 2023
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick with fine wooden entryways.
Total Parking Spaces: 3
Parking Type: Surface
Parking Description: Dedicated staff parking in rear of building. Parking garage across the street and lots of on street metered parking
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Internet Access: Cable, DSL, Satellite
Interior Description: New renovations. Based on timing, a new tenant will have input on finish
Zoning Description: MIXED-USE ZONE PURPOSE STATEMENTS B-3c In addition to the purpose of the B-3 and B-3b zone, to promote the safety, quiet enjoyment, and general welfare of citizens residing in a dense urban neighborhood by decreasing the conflicts between residential uses and loud late night activities. The B-3c zone recognizes that the business uses appropriate in this zone are constrained by the proximity of multi-unit elderly housing.
Lot Frontage: 150
Lot Depth: 250
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,301 79,285 112,879
Median Age: 33.98 38.13 39.03
Households: 13,265 36,745 50,826


Photograph of Listing Agent

Anthony J. Donovan

Spectrum Real Estate NECPE Member
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