Welcome to the March 2023 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 monthly column 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.
2 Pine St – the former Treasure Chest space in Longfellow Square is for lease. Call (207) 773-7100 for more details.
64 Pine St – The former Aurora Provisions space is for lease. The 4,629 sq ft is listed at $4,950/month (NNN).
156 State St – 1,250 – 7,550 sq ft of space on the first floor of the Portland Club is available for $13.50 – 24/sq ft (NNN).
235 Vaughan St – the 700 sq ft space most recently occupied by Other Side Deli and which had been the longtime home of Vaughan Street Variety is for lease. Call (207) 650-0846 for more information.
554 Congress St – 1,621 sq ft former Dunkin’ Donuts space with hood for $2,301/month (NNN).
582 Congress St – the longtime home of Harmon’s Floral Company will be available for lease starting in May. The 1,550 sq ft space is for lease for $5,850/month (NNN).
649 Congress St – the 3,000 sq ft former Dos Naciones storefront is available for $22/sq ft (MG).
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 $20/sq ft (NNN).
75 Chestnut St – a 2,100 sq ft ground floor retail space under construction in Bayside is for sale for $649,999.
73 Cove St – a 5,519 industrial space in East Bayside is listed for $4/sq ft; it’s expected to become available in 2024.
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 $13/sq ft (MG).
52 Hanover St – a new building set to open in April 2023. On the first floor will be 1,500 – 4,500 sq ft retail space available for $30/sq ft (NNN).
65 Hanover St – 1,800 sq ft of space is available for $20/sq ft (NNN).
82 Hanover St – the 3,067 sq ft former Yard space in Bayside is available for $30/sq ft (NNN); the sale includes all FF&E inventory.
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 4,256 sq ft building that was formerly occupied by Candy’s is for sale for $649,000.
65 Portland St – the beautiful restaurant space that was home to Back Bay Grill for 34 years is available; 2,750 sq ft for $22/sq ft (MG).
Canal Plaza – the former Copper Branch building in Canal Plaza is available for $60/sq ft (NNN).
1 Commercial St – the original location of Benkay at the corner of Commercial and India Streets is undergoing renovations and is expected to be available in 2023. The 900-2,950 sq ft is for lease at $35/sq ft (NNN).
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).
215 Commercial St – 2,189 sq ft of retail space near the corner of Commercial and Dana Streets is available for $65/sq ft (MG).
441 Congress St – the 2,400 sq ft former Guitar Grave retail space is available for $15/sq ft (MG).
43 Exchange St – the 1,717 sq ft space occupied by Peruvian Link is for lease for $60/sq ft (MG). It’s located midway down lower Exchange Street.
89 Exchange St – the 1,350 sq ft former Dobra Tea shop is available for $45/sq ft (MG).
176 Exchange St – the former Starbucks store at the crossroads of the Old Port at the intersection of Middle and Exchange Streets is for lease. The 1,675 sq ft space is for lease for $75 (MG).
201 Federal St – 2 retail spaces will be available in the new 18-story building under construction at the corner of Temple and Feral Streets. The 527 and 2,300 sq ft spaces are listed at $40/sq ft (MG).
40 Free St – the new building constructed by JB Brown has four storefronts ranging in size from 1,473 to 3,024 sq ft for $27.50/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 $24/sq ft (NNN).
157 Middle St – 1,091 – 5,155 sq ft of retail space is available for $27 – 29.95/sq ft (MG).
1 Monument Square – 1,500 sq ft of first floor space adjacent to Cera is available for $3,125/month (MG).
28 Monument Square – two spots are available in the Public Market House. A space on the 2nd floor (143 sq ft with a base rent of $1,185 + utilities and CAM charges—call 207-317-9626 for details) and a 400 sq ft space on the first floor available for $2,250/month (NNN).
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).
144 State St – 3 retail spaces will be available in the development in the former Mercy Hospital building on State Street. The 1,100, 1100 and 2,566 spaces are available for $26/sq ft (MG).
15 Temple St – the 2,086 sq ft space formerly occupied by Bubble Maineia is available for $26/sq ft (MG).
42 Wharf St – this 3,770 sq ft space in the Old Port includes a 2,000 sq ft patio, $45/sq ft (MG).
43 Wharf St – the former 1,350 sq ft Drink Exchange space is for lease for $43/sq ft (MG).
140 Fore St – 3,000 sq ft of space in a new building located east of India Street; $30/sq ft (NNN).
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 1,537 – 21,911 sq ft of space available for $24-29/sq ft (NNN).
47 India St – 1,000 sq ft of the former Lois’ Market building is for lease, $3,333/month (NNN).
500 Forest Ave – the 900 sq ft space formerly occupied by Starbird is for lease for $1,800/month (MG).
671-675 Forest Ave – a retail building in the center of Woodfords Corner is for sale for $675,000.
701 Forest Ave – 3,147 – 6,405 with parking available for $18/sq ft (NNN).
1871 Forest Ave – the former Tortilla Flat building is for sale for $3,300,000.
476 Stevens Ave – the Elsmere BBQ building in Deering Center is for sale for $1,550,000; the sale includes all FF&E inventory.
Elsewhere in Portland
936 Brighton Ave – 2,114 sq ft of space in an 11k sq ft building that’s the future home of Allspeed Cycle and Snow for $20/sq ft.
1091 Congress St – the former Denny’s building and parking lot are available to lease; 4,901 sq ft at $25.50/sq ft (NNN).
Northgate Shopping Center – 2,200 to 5,700 sq ft of space is available.
Westgate Shopping Center – four spaces are for lease at $18-40/sq ft (NNN).
Sammy’s Scoops – the Woodfords Corner ice cream shop is for sale. Call John Medici at (207) 400-7140 for more information.
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
Bath – the former home of Salt Pine Social is available. The 3,535 sq ft building is available for $23/sq ft (NNN).
Buxton – the former Buxton Commons restaurant is available for sale or lease. Lease terms are $4,500/month (NNN) for 3,600 sq ft of space.
18 Ocean St, South Portland – the 4,351 sq ft former Snow Squall is for lease for $12/sq ft (NNN).
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.