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    114 Preble St Portland, ME 04106

    For Lease
    $26 SF/Yr ($9,585 /Mo)

    Stand-alone restaurant building with parking and outdoor seating.

    Property size:
    4,424 SF
    Lot size:
    0.12 Acres

    Property Features for 114 Preble St

    General Information

    Size
    4,424 SF
    Lot size
    0.12 Acres

    Source: The Boulos Company Agent Christopher Gallagher

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

    Overview

    Restaurant Opportunity in Bayside Neighborhood

    This stand-alone building presents a rare opportunity for a restaurant in the thriving Bayside neighborhood. The property includes a convenient on-site, private parking lot for customers. An outdoor seating area is available for use during warmer months. The surrounding neighborhood is experiencing growth, with The Armature recently completed and another planned housing development breaking ground just a block away. Area businesses include Bayside Bowl, Wilson County BBQ, and Batson River Brewing. The property offers 4424 square feet of space and is located at 114 Preble St, Portland, ME.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Similar Places Nearby

    Black Betty's Bistro, LLC, marshmallow cart, Soul Food Paradise, Oga Suya, Black Tie Catering & Events

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2633574
    Latitude
    43.6600331

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    FAQs

    What type of property is this?
    Restaurant - Stand-alone restaurant building with parking and outdoor seating.
    Where is this restaurant located?
    The property is located at 114 Preble St Portland, ME.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: - Stand-alone building in the thriving Bayside neighborhood.; - On-site, private parking lot for customers.; - Enjoy the outdoor seating area.
    (207) 553-1728
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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
    114 Preble St Portland, ME 04106
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