realestate

Eating Out Property Market Update - October 2024

Portland Food Map's October 2024 Restaurant Real Estate Listings, Sponsored by The Boulos Company.

W
elcome to the Portland Food Map's October 2024 restaurant real estate listings, sponsored by The Boulos Company. This resource brings together available spaces in Portland and surrounding areas that could be potential sites for restaurants, food producers, and retailers.

    West End/Saint John/Valley

    - 87 Brackett St: Ohno Cafe closed in September; owners seek a new tenant.

    - 211 Valley St: A former garage with .13 acres is for sale at $1,300,000.

    - 235 Vaughan St: The renovated 620 sq ft space is available for $2,500/month.

    Arts District

    - 553 Congress St: The commercial kitchen in the former Five Fifty Five space is available to a co-tenant for $2,000/month.

    - 554 Congress St: A 1,621 sq ft former Dunkin' Donuts space is available at $17.04/sq ft (NNN).

    - 594 Congress St: The 2,592 sq ft space in the Upper H. H. Hay Building is available for $28/sq ft (MG).

    Bayside/Inner Washington

    - 170 Anderson St: A 5,519 sq ft industrial space is listed at $35/sq ft (NNN).

    - 147 Cumberland Ave: The Union Bagel Co. space is available to lease for $1,750/month (MG).

    - 52 Hanover St: Retail space ranging from 1,500 - 3,000 sq ft is available at $30/sq ft (NNN).

    Old Port

    - 0 Canal Plaza: A 1,350 sq ft oval-shaped building is for lease at $60/sq ft (NNN).

    - 15 Chestnut St: The former Grace restaurant building is for sale at $2,985,000.

    - 185 Commercial St: A new building has a 2,334 sq ft ground floor retail space available at $55/sq ft (NNN).

    Other areas in Portland include:

    - Northgate Shopping Center: 1,500 to 2,000 sq ft of space is available.

    - Westgate Shopping Center: Three spaces ranging from 1,400 - 5,000 sq ft are for lease.

    Outside of Portland:

    - The Downs: A 2,019 sq ft restaurant space is for sale in the mixed-use development.

    - Lewiston: A renovated former fire station with 2,371 - 5,554 sq ft is available at $5-14/sq ft (NNN).

    - South Portland: Several properties are listed for sale or lease, including a former coffee shop and a restaurant building.

    Glossary:

    MG - Modified Gross

    NNN - Triple Net

    Gross - All expenses included in the lease rate

Real estate market trends and analysis in Australia's eating out sector update.