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    123 Washington Ave Portland, ME 04101

    For Lease
    $16 SF/Yr ($14,525 /Mo)

    10,894± SF commercial space in Portland's popular neighborhood.

    Property size:
    10,894 SF
    Lot size:
    1.03 Acres

    Property Features for 123 Washington Ave

    General Information

    Size
    10,894 SF
    Lot size
    1.03 Acres

    Source: The Boulos Company Agent Brice O'Connor

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

    Overview

    Portland Flex Space with Restaurant

    Available for rent is a 10,894± SF commercial space, formerly occupied by Maine Craft Distilling. Suite 4 features a 2,670± SF fully built-out bar/restaurant area equipped with commercial kitchen infrastructure, along with an 8,224 ± SF open production/flex area. The property includes a dedicated outdoor patio with 2 overhead glass doors. Situated in Portland’s popular neighborhood, the location is near restaurants, breweries, and distilleries. It offers direct access off I-295’s Washington Ave connector, providing easy access to the Back Cove trail, Portland’s Waterfront & Bayside neighborhoods, and the future home of Northeastern’s Roux Institute. On-site employee and customer parking is available.
    Location Intelligence

    Current Use by Public Records

    Maine Craft Distilling Restaurant Forage Market Cafe The Shop Window By ... Ice Cream Shop The Shop by Island ... Oyster Bar Restaurant

    Suggested Use

    Realty agency Dental Office Spa & Massage Hair Salon Restaurant Nail Salon Building Supply Daycare Center Auto Repair Shop Skin Care Clinic

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

    Similar Places Nearby

    Super Club Cocktail Lounge, Nuraportland, Arcadia - Portland, Me, Bubba's Sulky Lounge, Slab Sicilian Street Food

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2530204
    Latitude
    43.6674941

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    FAQs

    What type of property is this?
    Bar - 10,894± SF commercial space in Portland's popular neighborhood.
    Where is this bar located?
    The property is located at 123 Washington Ave Portland, ME.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - 10,894± SF of premier commercial space in a prime location.; - Includes a 2,670± SF fully built-out bar/restaurant area with **commercial kitchen infrastructure**.; - Features an 8,224 ± SF open production/flex area.
    (603) 674-2272
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    Portland, ME 04101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    123 Washington Ave Portland, ME 04101
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