"December 2024: Portland Food Map Restaurant Real Estate Listings"

Dec 1, 2024 at 12:00 PM
Welcome to an extensive compilation of restaurant real estate listings in Portland for December 2024. Sponsored by The Boulos Company, a renowned commercial real estate brokerage with a rich history since 1975, this resource brings together available spaces in Portland and the surrounding areas. Finding the perfect spot for your restaurant or food-related business is a crucial early step, and this guide aims to make that process a bit easier.

Uncover the Perfect Restaurant Space in Portland

West End/Valley/Libby Town

The 9,540 sq ft former Salvage BBQ building at 919 Congress St is available for lease with negotiable terms. At 270 Saint John St, a 2,714 sq ft space in Union Station Plaza is offered at $17/sq ft (NNN). In Valley St, a 1,260 sq ft former garage and.13 acres are for sale at $1,300,000. The former Vaughan Street Variety storefront at 235 Vaughan St has been renovated and is available for $2500/month (MG). Call (207) 650-0846 for more details.

These spaces in the West End/Valley/Libby Town area provide diverse options for those looking to establish or expand their food-related businesses. With various sizes and lease/ownership terms, there's something to suit different needs and budgets.

Arts District

At 554 Congress St, a 1,621 sq ft former Dunkin’ Donuts space is available at $17.04/sq ft (NNN). The 1,908 sq ft former 555 dining room and mezzanine at 555 Congress St can be leased for $20/sq ft (NNN). In the Upper H. H. Hay Building at 594 Congress St, the 2,592 sq ft space formerly occupied by Starbucks is available for $28/sq ft (MG). The ~1,500 sq ft ground floor space at 602 Congress St is available for lease. Contact Joe Atwood at (207) 899-7373 for more information.

The Arts District offers a range of spaces suitable for restaurants and food producers. With its vibrant atmosphere and potential for customer footfall, these locations are highly sought after.

Bayside/Inner Washington

On the first floor of the Armature at 52 Hanover St, 1,500 – 3,000 sq ft of retail space is available for $30/sq ft (NNN), with one spot earmarked for a coffee shop. At 178 Kennebec St, 2,644 sq ft of space in a newly constructed Bayside building is available at $25/sq ft (NNN). The building formerly occupied by Coals at 114 Preble St is for sale for $1,475,000. The 7,620 sq ft Am Vets building at 186 Washington Ave is for sale for $1,600,000. See the listing for photos of the bar and seating area.

The Bayside/Inner Washington area presents attractive options for businesses looking to set up shop in a bustling location with potential for growth.

Old Port

The 1,350 sq ft former Nosh Taco build in Canal Plaza at 0 Canal Plaza is for lease at $60/sq ft (NNN). At 1 Canal Plaza, 4,284 – 14,412 sq ft of ground floor retail space will be available as part of upcoming renovations at $30/sq ft (NNN). The building that was home to Grace restaurant at 15 Chestnut St is for sale, including the property, business assets, and all FF&E. It has 14,358 sq ft of space and is listed for $2,595,000.

The Old Port area is a prime location for restaurants, with a variety of spaces available in different sizes and price ranges. It offers a unique charm and high foot traffic.

Other Areas

In Northgate Shopping Center, 1,500 to 2,000 sq ft of space is available. At Westgate Shopping Center, three spaces of 1,440, 3,800, and 5,000 sq ft are for lease with negotiable lease rates. Some vacated restaurant spaces haven't been listed yet, but checking the closing announcements can provide insights.

These additional areas offer more options for those seeking restaurant spaces outside the main districts. They provide opportunities in different locations with varying characteristics.

Outside of Portland

In The Downs, a 2,019 sq ft restaurant space is for sale in the mixed use development. At 881 Route 1, Yarmouth, shared kitchen space formerly used by MaineFlavor is available. In Lewiston at 188 Lincoln St, a 2,371 – 5,554 sq ft former fire station has been renovated for retail/restaurant use and is listed at $5-14/sq ft (NNN). At 372 Cottage Rd, South Portland, the building that was home to Omi’s Coffee Shop is for sale. At 60 Mile Rd, Wells, the former Varano’s Restaurant building and a 2-bedroom apartment are for sale. At 449 Main St, South Portland, the former Rudy’s Diner and an adjacent home are for sale. At 111 Bath Rd, Brunswick, the Fat Boy Drive-In business and property is for sale. At 239 Ocean St, South Portland, the 1,621 sq ft former Pizza Joint building is for sale. At 145 Ocean St, South Portland, the BenReuben’s building will become available with the knishery's closure in September and is for lease at $3,000/month (MG).

Even outside of Portland, there are various restaurant-related properties available for those looking to expand or start a new venture in different locations.