realestate

Restaurant Property Market Outlook: May 2025 Update

Portland Food Map's May 2025 Restaurant Real Estate Listings, sponsored by The Boulos Company.

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

    West End/Valley/Libby Town

    87 Brackett St: 1,077 sq ft former OhNo Cafe for lease at $2,700/month + utilities.

    189 Brackett St: 520 sq ft space formerly occupied by Chocolats Passion for lease at $1,400/month.

    919 Congress St: 4,770-9,540 sq ft former Salvage BBQ building available at $20/sq ft.

    Arts District

    486 Congress St: 2,400 sq ft former cannabis retail space available at $22/sq ft (NNN).

    511 Congress St: 2,875 sq ft former Golden Lotus space available at $16.50/sq ft.

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

    Bayside/Inner Washington

    52 Hanover St: 1,500-3,000 sq ft retail space on the first floor of the Armature building available at $30/sq ft (NNN).

    114 Preble St: 4,424 sq ft former Coals building for lease at $26/sq ft (NNN).

    Old Port

    0 Canal Plaza: 1,350 sq ft former Nosh Taco building for lease at $47.74/sq ft (NNN).

    15 Chestnut St: Building that was home to Grace restaurant for sale at $2,450,000.

    185 Commercial St: 2,334 sq ft ground floor retail space available at $55/sq ft (NNN).

    Outer Forest Ave Area

    49 Dartmouth St: 1,310 sq ft retail space adjacent to Bow Street Beverage available at $16.50/sq ft.

    634 Forest Ave: 1,364 sq ft former Sissle & Daughters wine bar/cafe for lease at $3,000/month (NNN).

    South Portland

    448 Cottage Rd: 4,433 sq ft former Elsmere BBQ building for sale at $1,395,000.

    60 Ocean St: 6,006 sq ft restaurant space available at $14.98/sq ft (NNN).

    239 Ocean St: 1,621 sq ft former Pizza Joint building in South Portland for sale at $749,000.

    Elsewhere in Maine

    100 Larrabee Rd, Westbrook: Phoever owners seeking someone to take over their space.

    881 Route 1, Yarmouth: Shared kitchen space formerly utilized by MaineFlavor available.

    60 Mile Rd, Wells: Former Varano's Restaurant building and apartment for sale at $1,895,000.

    Glossary:

    MG - Modified Gross (operating expenses included in lease rate)

    NNN - Triple Net (tenant pays operating expenses separately)

    Gross - All expenses including utilities are included in the lease rate.

Restaurant property market trends and analysis for May 2025 update globally.