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Street-Level and Lower-Level Retail
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20 Free Street, Portland, ME 04101

Two retail suites total up to 3,042± SF, with street-level and lower-level space available individually or together.

Space Size1,434 SF - 3,042 SF
Days on Market146

Property Features for 20 Free Street

General Information

Standard status Active
Size 1,434 SF - 3,042 SF
Net Rentable 1,434 SF
Property subtype RETAIL
Lease Type SF/yr

Additional Details

Available Space 1,434-3,042 SF
Anchor Co-Tenants Sur Lie, Angela Adams, El Rayo, BARE Waxing, Cliff’s Barbershop, Masacoma Bank

Spaces For Lease

at 20 Free Street Contact us

Downtown Retail Space $35/SF/Yr

Contact us
Listing Agency: The Boulos Company
Listed By: Derek Miller · License #918125
Source: Moodyscre
Added: Mar 11 Changed: Jul 29 Last Checked: Aug 3 at 7:38AM

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 The Boulos Company

Investment Insights

Based on property information with market context.

Two retail suites are available totaling up to 3,042± SF: a 1,608± SF street-level space at 20 Free Street and a 1,434± SF lower-level space at 98 Cross Street. The suites may be leased individually or combined for a two-level retail presence.

The property is located in the heart of Portland’s Old Port, surrounded by retail, restaurant, and service-oriented businesses. The walkable area is described as highly visible and just steps from Portland’s central business district, with a Walk Score of 99.

The 98 Cross Street suite is positioned as a practical complement for storage, studio, or back-of-house functions, depending on how a tenant plans to operate the combined or separate spaces.

Key Highlights

  • Two retail suites available totaling up to 3,042± SF: 1,608± SF at 20 Free Street plus 1,434± SF at 98 Cross Street.
  • Can be leased individually or combined into a two‑level retail presence.
  • 20 Free Street suite is street‑level retail space (1,608± SF).

Property Analytics

Current Use

Jibe Cycling Portland Gym & Fitness Center

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Locksmith Pet Grooming Service Tanning Salon Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$5.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,425
Businesses Nearby
210k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 54% Hotels & Casinos 13% Shops & Services 13% Dining 12%
Trader Joe's Groceries
68,293 visits/mo 0.4 miles
Whole Foods Market Groceries
44,366 visits/mo 0.4 miles
Hampton Inn Portland Downtown Waterfront Hotels & Casinos
14,714 visits/mo 0.4 miles
Circle K Shops & Services
12,170 visits/mo 0.5 miles
Chipotle Mexican Grill Dining
11,557 visits/mo 0.5 miles

Demographics for 04101, ME

18,109
Population
11,510
Households
1.6
Avg Household Size
36
Median Age
57%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
9,055
Density / Sq Mi
$60,726
Median Household Income
$45,009
Median Earnings
$1,457
Median Rent
$600,600
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Harmon's Floral Company 584 Congress St, Portland, ME 04101
  • Minott's Flowers 145 free st, portland, me 04101
  • Harmon's Floral Company 737 Congress St, Portland, ME 04101

Frequently Asked Questions

What type of property is this?
Storefront property - Two retail suites total up to 3,042± SF, with street-level and lower-level space available individually or together.
Where is this storefront property located?
The property is located at 20 Free Street Portland, ME.
What is the lease rate?
The lease rate is $35 SF/Yr.
What are key features of this property?
This property features: Two retail suites available totaling up to 3,042± SF: 1,608± SF at 20 Free Street plus 1,434± SF at 98 Cross Street.; Can be leased individually or combined into a two‑level retail presence.; 20 Free Street suite is street‑level retail space (1,608± SF).
(207) 240-0032 Call to check price and availability
More about this property
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