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    Restaurant Condo with Outdoor Patio Title is generated by Realmo AI

    11 Brown St, Portland, ME

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    5,352 SF retail condo with restaurant/bar space for sale.

    Type:RETAIL
    Property size:
    5,352 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $135/SF
    Added:
    Sep 5, 2025
    Days on Market:
    306
    Last Refresh:
    May 20 at 8:23 pm

    Property Features for 11 Brown St

    General Information

    Standard status
    Active
    Size
    5,352 SF
    Lot size
    0.19 Acres
    Property subtype
    RETAIL

    We can help!

    Contact an agent
    Peter A. Harrington
    Peter A. Harrington

    Listing office Malone Commercial Brokers

    Listing date Sep 5, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Malone Commercial Brokers

    HighLights

    • Fully equipped restaurant/bar space (3,088± SF) with complete kitchen included.
    • Large private outdoor patio.
    • 5,352± SF retail condo in Portland's restaurant community.
    • 2,264± SF lower level support/storage area with office.
    • Walk‑in freezers included.
    • Proven restaurant location ready for immediate operation.

    Overview

    This 5,352 square foot retail condo presents an opportunity to join Portland’s restaurant community. The property includes approximately 3,088 square feet of restaurant/bar space, featuring a full kitchen equipped with a hood, grease trap, stoves, sinks, and other equipment. A large, private outdoor patio is also included. The property also features a 2,264 square foot lower level support area and storage space, complete with an office, walk-in freezers, fire safety equipment, and multiple storage rooms. This location is suited for a motivated restauranteur.

    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 $96.3k $18.00
    − Vacancy −$16.4k −$3.06
    EGI $80.0k $14.94
    − OpEx −$20.0k −$3.74
    NOI $60.0k $11.21
    5,352 SF · lease $18.00/SF/yr · vacancy 17.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $856.7K
    $749.6K – $999.5K (±1% cap)
    NOI $59,969 @ 7.0% cap · market cap 8.27%
    Second Best
    Retail
    $799.6K
    $699.6K – $932.9K (±1% cap)
    NOI $55,971 @ 7.0% cap · market cap 7.72%
    Theoretical Best
    Office A
    $1.47M
    $1.29M – $1.72M (±1% cap)
    NOI $102,970 @ 7.0% cap · market cap 14.20%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tokyo Sushi Ramen ... Restaurant Margaritas Mexican Restaurant Restaurant

    Suggested Use

    Auto Parts Store (Bike/Boat/Book/etc) Store Pet Grooming Service Locksmith Adult Day Care Mobile Phone Store (Bike/Boat/Book/etc) Store Restaurant Clothing & Fashion Store Car Rental Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Black Betty's Bistro, LLC — 120 Spring St, Portland, ME 04101
    • marshmallow cart — 167 Middle St, Portland, ME 04101
    • Soul Food Paradise — 24 Preble St, Portland, ME 04101
    • Oga Suya — 72 parris st, portland, me 04101
    • Black Tie Catering & Events — 1 Union Wharf, Portland, ME 04101

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2599
    Latitude
    43.6562

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    FAQs

    What type of property is this?
    Restaurant - 5,352 SF retail condo with restaurant/bar space for sale.
    Where is this restaurant located?
    The property is located at 11 Brown St Portland, ME.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: Fully equipped restaurant/bar space (3,088± SF) with complete kitchen included.; Large private outdoor patio.; 5,352± SF retail condo in Portland's restaurant community.
    (207) 318-8888 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Peter A. Harrington
    Peter A. Harrington
    Real Estate License ID: BA900499
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