Welcome to the January 2024 edition of the Portland Food Map restaurant real estate listings sponsored by The Boulos Company—a commercial real estate brokerage that has helped Maine’s restauranteurs buy and lease restaurant spaces since 1975.
This resource gathers in one convenient place the spaces available in Portland (and a few in the surrounding area) that could be potential sites for restaurants and food producers and retailers to locate their next business. Finding the right spot is one of the crucial early challenges in launching a new business and hopefully this resource will make that step just a little bit easier.
West End/Parkside
867 Congress St – the 3,200 sq ft former church that had been slated to be the new home of Vena’s is for sale for $775,000.
Arts District
554 Congress St – 1,621 sq ft former Dunkin’ Donuts space with hood for $2,301/month (NNN).
594 Congress St – with the upcoming close of the Congress Street Starbucks, their 2,592 sq ft space in the Upper H. H. Hay Building will become available for $35/sq ft (MG).
600 Congress St – for lease signs are in the window of the ground floor space at the corner of High and Congress. The Schwartz Building has been under renovation for a decade. For more info call (207) 773-7100.
44 Oak St – 4,347 sq ft of space in a beautiful historic building at the corner of Oak and Free Streets is available for $15.50/sq ft (NNN).
Bayside
73 Cove St – a 5,519 sq ft industrial space in East Bayside is listed for $35/sq ft; it’s expected to become available later this year.
46 Elm St – this 385 sq ft corner space in the parking garage at the corner of Elm Street and Cumberland Ave. It’s available for $500/month (MG).
52 Hanover St – On the first floor of a new building will be 1,500 – 4,500 sq ft retail space available for $30/sq ft (NNN). One spot in the building has earmarked for a coffee shop.
178 Kennebec St – 2,644 sq ft of space are available in a newly constructed Bayside building for $25/sq ft (NNN).
34 Portland St – the 3,400 sq ft building that was formerly occupied by Candy’s is for sale for $525,000. It’s also available to lease for $13.50/sq ft (NNN).
Munjoy Hill
89 Congress St – 1,200 sq ft available for $25/sq ft (MG) at the top of Munjoy Hill. Contact davit70@gmail.com for more information.
Old Port
1 Canal Plaza – 4,284 – 14,412 sq ft of ground floor retail space will be available as part of upcoming renovations; $30/sq ft (NNN).
1 Commercial St – the original location of Benkay location at the corner of Commercial and India Streets is available. The 1,700-2,000 sq ft is for lease at $35-40/sq ft (NNN).
185 Commercial St – a new building under construction will include 2,334 sq ft of ground floor retail space that will be available in 2024 for $55/sq ft (NNN).
215 Commercial St – 2,487 sq ft of retail space near the corner of Commercial and Dana Streets is available for $65/sq ft (MG).
383 Commercial St – 1,193 – 4,805 square feet of space in a newly constructed building on Commercial Street is available for $28/sq ft (NNN).
441 Congress St – the 2,400 sq ft former Guitar Grave retail space is available for $15/sq ft (MG).
8 Exchange St – the 3,600 sq ft space formerly occupied by The Bar is available for lease for $33.25/sq ft (MG).
201 Federal St – 2 retail spaces will be available in the new 18-story building under construction at the corner of Temple and Federal Streets. The 527 and 2,300 sq ft spaces are listed at $40/sq ft (MG).
420 Fore St – the space formerly occupied by the Old Port Slice Bar is for lease. The 1,100 – 2,600 sq ft space is available for $55/sq ft (MG).
446 Fore St – a 1,600 sq ft space on the corner of Fore and Union Streets is available for $30/sq ft (MG).
40 Free St – a 1,511 sq ft space in the new building constructed by JB Brown is available for $27.50/sq ft (NNN).
28 Market St – the 850 sq ft space formerly occupied by Lucky Juju is available for lease for $2,800/month (MG).
46 Market St – the 2,100 sq ft space formerly occupied by Petite Jacqueline is for lease for $42/sq ft (NNN).
55 Market St – this 3,700 sq ft space on Market Street was formerly occupied by the Big Easy. It’s available for $18/sq ft (NNN).
121 Middle St – a 2,482 sq ft retail spot is available for $45/sq ft (MG).
157 Middle St – 1,091 – 5,155 sq ft of retail space is available for $27 – 29.95/sq ft (MG).
5 Milk St – this 2,199 sq ft former hair salon is available for $28/sq ft (NNN).
1 Monument Square – 1,500 sq ft of first floor space adjacent to Cera is available for $3,125/month (MG).
28 Monument Square – with the opening of their new location this year, the MR/ Tuna space in the Public Market House will become available.
25 Pearl St – 1,689 sq ft former Subway space available for $30/sq ft (MG).
66 Pearl St – 5,796 sq ft of space—the former Bull Moose retail shop—is available for $15.75/sq ft (MG).
24 Preble St – the original Arcadia space is available. The 2,835 sq ft storefront near Dutch’s and Slab is listed for $20/sq ft (NNN).
3 Spring St – the space currently occupied by the Stars & Stripes tasting room is for lease; 2,554 sq ft for $17.50/sq ft (NNN).
3 Spring St – the space currently occupied by Stage Cannabis is for lease; 2,000 sq ft for $15.50/sq ft (NNN).
144 State St – 2 retail spaces will be available in the development in the former Mercy Hospital building on State Street. The 1,100 and 2,566 sq ft spaces are available for $20-26/sq ft (MG).
23 Temple St – a 947 sq ft retail space in the Temple Street garage is available for $26/sq ft (MG).
110 Thames St – a 2,700 sq ft space and a 3,200 sq ft space are available in the newly constructed building in the Portland Foreside development, $35/sq ft (NNN).
53 Wharf St –a 1,600 sq ft space on the corner of Wharf and Union Streets is available for $30/sq ft (MG).
India Street Area
144 Fore St – the former VA building is near the Portland Foreside development and adjacent to several new office buildings off Thames Street. It has 1,560 – 10,620 sq ft of space available for $22-29/sq ft (NNN).
Outer Forest Ave
503 – 509 Forest Ave – the exterior of this building is slated to be restored to its historic design. It has 4,500 – 9,500 sq ft of space available for $10/sq ft (NNN).
634 Forest Ave – this former garage is located at the center of Woodfords Corner near Bayou Kitchen Woodford Food & Beverage, and Bird & Co. The 1,305 sq ft building has had a change of use to allow for a restaurant use, and comes with room for 8-12 parking spaces. It is available for $2,750/month (NNN).
701 Forest Ave – 3,147 – 6,405 sq ft with parking available for $16/sq ft (NNN).
Deering
476 Stevens Ave – the Elsmere BBQ building in Deering Center is for sale for $1,395,000; the sale includes all FF&E inventory.
550 Washington Ave – 2,000 – 2,400 sq ft of the former Botto’s bakery is available to lease for $18/sq ft (NNN).
Elsewhere in Portland
1339 Washington Ave – the 4,150 sq ft former Parker’s Restaurant building in North Deering is for sale for $1,995,000.
Northgate Shopping Center – 2,000 to 3,500 sq ft of space is available.
Westgate Shopping Center – three spaces are for lease at $18-40/sq ft (NNN).
Other Spaces – some vacated restaurant spaces haven’t yet been formerly listed for by the owner. Check the closing announcements for the latest information.
Outside of Portland
188 Lincoln St, Lewiston – this 2,371 – 5,554 sq ft former fire station has been renovated for use as a retail/restaurant space. It’s listed at $5-14/sq ft (NNN).
521 Route 1, Scarborough – the 9,211 sq ft former Amore restaurant is for sale for $595,000.
1637 Post Rd, Wells – the 4,000 sq ft build that was formerly the home of Joshua’s is for sale for $2,150,000.
Billy’s Chowder House – both the building and business of Billy’s Chowder House in Wells is for sale. The ~200 seat restaurant comes with a 62-car parking lot and sits on Mile Road which connects Route 1 with Wells Beach.
Glossary
MG – Modified Gross which indicates that the operating expenses (taxes, insurance, maintenance, etc.) for the property are included in the lease rate. The tenant would pay its own utilities, which sometimes includes heat.
NNN – Triple Net which indicates that operating expenses are not included in the lease rate, and the tenant will pay them separately. They are often referred to as CAM (Common Area Maintenance) charges and taxes, which are expressed as $/sf. The tenant is also responsible for utilities.
Gross – Gross indicates all expenses including utilities are included in the lease rate. The tenant would be responsible for phone and internet access, as well as interior janitorial.