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For sale
Ghost kitchens
ME
Portland
28 Monument Sq

Downtown Portland Food Hall Space

28 Monument Sq, Portland, ME

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For Sale

Contact for pricing

8,229 SF food hall in downtown Portland for lease.

Type:RETAIL

Property size:

8,229 SF

Lot size:

0.07 Acres

Price / SF:

$206/SF

HighLights

Prime downtown Portland location on Monument Square with high foot traffic and visibility.
Configured as a food hall with two floors and a lower‑level kitchen support area.
Accommodates up to ten food operators.
Five fully equipped kitchen stations with hood systems, grease traps, and sinks are ready for immediate use.
Located in a dynamic area with new and planned redevelopments.
First floor and basement can be leased separately for restaurant use.

We can help!

Listing Contact

Nate Stevens, SIOR

For Sale

Contact for pricing

8,229 SF food hall in downtown Portland for lease.

Type:RETAIL

Property size:

8,229 SF

Lot size:

0.07 Acres

Price / SF:

$206/SF

Added:: Nov 24, 2025
Days on Market:: 202
Last Refresh:: May 20 at 8:20 pm

Property Features for 28 Monument Sq

General Information

Standard status: Active
Size: 8,229 SF
Lot size: 0.07 Acres
Property subtype: RETAIL

Properties For Sale

at 28 Monument Sq Contact us

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Listing Contact

Nate Stevens, SIOR

Listing agent Nate Stevens, SIOR

Listing office The Boulos Company

Listing date Nov 24, 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 The Boulos Company

HighLights

Prime downtown Portland location on Monument Square with high foot traffic and visibility.
Configured as a food hall with two floors and a lower‑level kitchen support area.
Accommodates up to ten food operators.
Five fully equipped kitchen stations with hood systems, grease traps, and sinks are ready for immediate use.
Located in a dynamic area with new and planned redevelopments.
First floor and basement can be leased separately for restaurant use.

Overview

An 8,229 square foot food hall is available for lease in downtown Portland, prominently located on historic Monument Square. The space is configured as a food hall spanning two floors, with a full kitchen support area located in the lower level. It can accommodate up to ten food operators and includes five fully equipped kitchen stations, each featuring a hood system, grease interceptor, and sinks, ready for immediate use. The location benefits from high foot traffic and visibility, surrounded by office buildings, restaurants, retailers, and residences. Several new and planned redevelopments are located in the area. The first floor and basement can be leased separately for restaurant use at $25.00 per square foot on a triple net lease basis. Current tenants include Yardi Ting, Bub’s Home Kitchen, and Blend It Maine.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$148.1k	$18.00
− Vacancy	−$25.2k	−$3.06
EGI	$122.9k	$14.94
− OpEx	−$30.7k	−$3.74
NOI	$92.2k	$11.21

8,229 SF · lease $18.00/SF/yr · vacancy 17.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.32M

$1.15M – $1.54M (±1% cap)

NOI $92,206 @ 7.0% cap · market cap 5.43%

Second Best

Retail

$1.23M

$1.08M – $1.43M (±1% cap)

NOI $86,059 @ 7.0% cap · market cap 5.07%

Theoretical Best

Office A

$2.26M

$1.98M – $2.64M (±1% cap)

NOI $158,322 @ 7.0% cap · market cap 9.32%

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

Property Profile Location Intelligence

Current Use by Public Records

Public Market House Restaurant YardieTing Restaurant Pie In the Sky Pizza Restaurant Daily Greens Restaurant The Frying Dutchman Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Cumberland
State: Maine
Longitude: -70.2591
Latitude: 43.657

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For sale
Ghost kitchens
ME
Portland
28 Monument Sq

What type of property is this?

Ghost kitchen - 8,229 SF food hall in downtown Portland for lease.

Where is this ghost kitchen located?

The property is located at 28 Monument Sq Portland, ME.

What is the asking price?

The asking price for this property is $1,699,000.

What are key features of this property?

This property features: Prime downtown Portland location on Monument Square with high foot traffic and visibility.; Configured as a food hall with two floors and a lower‑level kitchen support area.; Accommodates up to ten food operators.

28 Monument Sq, Portland, ME

8,229 SF food hall in downtown Portland for lease.

Property Features for 28 Monument Sq

General Information

Properties For Sale

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Renovated Commercial Building in Portland

Brick Retail Building with Seafood Use

West End Bed & Breakfast

Freestanding Divisible Office Building

Turnkey 10-Unit Multifamily

Portland Mixed-Use Investment Opportunity

Renovated Two-Unit Duplex

Eastern Promenade Colonial Revival Multifamily

Quadplex Condo Conversion Opportunity

Fully Leased Munjoy Hill Investment

Seven-Unit Brick Multifamily Building

West End Triplex Opportunity

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