Class A Turn-Key Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30842907
Property Subtypes: Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 7,981 SF
Gross Building Area: See Agent
Sale Price: $3,500,000
Unit Price: $438.54 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/25/2024

Overview / Comments

- 6,981± SF turn-key restaurant in the heart of Downtown Portland with a 1,000± SF patio Premium signage available and inviting oversized floor to ceiling windows along the Street
- 280+ seating capacity between the main seating area, lounge, bar, chef's table, patio and 1,400± SF private dining room.
- Greater Portland population of 550,000+ with 5,400,000 annual visitors
- 93 Walk Score – Walker's Paradise
- Located in the heart of Portland's vibrant culinary scene and historic area known for its charming brick buildings and bustling waterfront. The area is home to a diverse array of businesses, including boutique shops, galleries, restaurants, and bars, making it a popular destination for locals and tourists alike.

- Lease Rate: $30.00/SF NNN
- Sale Price: $3,500,000 plus FF&E

Financials

Finance Data Year 2023
Real Estate Taxes - Annual($) $19,897 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 05170_040 E003
Zoning: B5B
Property Condition: Excellent
Year Built: 2014
Total Parking Spaces: 2
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Inquire with broker for full list of equipment and furniture
Lot Frontage: 1
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,727 73,892 111,093
Median Age: 35.1 37.61 39.15
Households: 11,730 34,530 50,070

Contact

Photograph of Listing Agent

Timothy J. Millett, CCIM

Porta & Company NECPE Member
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