Conventional Restaurant
Portland, ME 04103 Portland, ME 04103
Portland, ME, 04103
$625,000
For Sale
$625,000
COMMERCIAL - Portland, ME
Property Size2,910 SF
Price / SF$214.78
Days on Market223
Property Features
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,910 SF
Building Details
- Year built
- 1923
Listing agency
South Portland, Maine
(207) 560-4683
Listed by
Rob Trask
(207) 560-4683
Added: Dec 11, 2025 Updated: Jul 20 at 4:09PM Checked: Jul 22 at 3:06AM
MLS# 1646290
Copyright © 2026 Better Homes and Gardens-The Masiello Group. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This conventional restaurant building is offered for sale and totals 2,910 square feet. The listing is categorized under conventional restaurants and restaurants, supporting a straightforward restaurant use for the right operator.
The property is located in Portland, Maine 04103, within Cumberland County. The transaction is presented as a for-sale opportunity.
As presented, this is a single restaurant-focused asset measured at 2,910 square feet, suitable for buyers looking for an operating restaurant property as listed rather than a vacant commercial shell.
The property is located in Portland, Maine 04103, within Cumberland County. The transaction is presented as a for-sale opportunity.
As presented, this is a single restaurant-focused asset measured at 2,910 square feet, suitable for buyers looking for an operating restaurant property as listed rather than a vacant commercial shell.
Key Highlights
- Built in 1923
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.4k | $18.00 |
| − Vacancy | −$8.9k | −$3.06 |
| EGI | $43.5k | $14.94 |
| − OpEx | −$10.9k | −$3.74 |
| NOI | $32.6k | $11.21 |
2,910 SF · lease $18.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$465.8K
$407.6K – $543.5K
NOI $32,607 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$799.8K
$699.8K – $933.1K
NOI $55,987 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - For sale conventional restaurant property with 2,910 square feet in Portland, ME 04103.
Where is this conventional restaurant located?
The property is located at Portland, ME.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Built in 1923
