Building Details

Building Size 110,302 SF

Year Built 2014

Tenancy Multiple

Spaces For Lease

at 311 Commercial St Contact us

First Floor Retail Space

Size

6,981 SF

Type

Retail

Lease Type

NNN

Availability

Active

Contact us

Listing Agency: Malone Commercial Brokers

Listed By: Nick Malone · License #SA928529 Show Phone

Source: Crexi

Added: Mar 25 Changed: Sep 2 Last Checked: Sep 2 at 7:42AM

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Investment Insights

Based on property information with market context.

Available for rent, this 6,981± SF retail space offers a layout described as ideal for conversion to a specialty food hall or neighborhood grocery concept. The property includes a prominent storefront opportunity for boutique retail or retail services.

The unit benefits from visibility and accessibility for walk-in traffic in an area tied to Portland’s waterfront attractions. Signage opportunities are available directly on the building along Commercial and Maple Streets.

This configuration supports a street-facing retail presence with dedicated storefront exposure and branding options on the building exterior.

Key Highlights

• 6,981± SF retail space built in 2014
• Prominent storefront and signage potential on Commercial and Maple Streets
• Layout suited for conversion to a specialty food hall or neighborhood grocery concept

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Auto Parts Store Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store Tanning Salon Daycare Center

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

$4.50 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

5,297

Businesses Nearby

44k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 30% Hotels & Casinos 29% Apparel 23% Dining 18%

Circle K Shops & Services

12,170 visits/mo 0.2 miles

Reny's Apparel

10,314 visits/mo 0.4 miles

Hilton Garden Inn Portland Downtown Waterfront Hotels & Casinos

7,212 visits/mo 0.5 miles

Luke's Lobster Dining

6,958 visits/mo 0.4 miles

Courtyard by Marriott Portland Downtown/Waterfront Hotels & Casinos

5,673 visits/mo 0.1 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

Lease Benchmarks for Portland, ME

$17.38 /SF/Yr

Avg Asking Price

$7.5–$25 /SF/Yr

Price Range

3,391 SF

Avg Space Size

This space is priced 73% above the average of $17.38 /SF/Yr.

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space with prominent storefront and signage potential along Commercial and Maple Streets.

Where is this retail space located?

The property is located at 311 Commercial St Portland, ME.

What is the lease rate?

The lease rate is $30 SF/Yr.

What are key features of this property?

This property features: 6,981± SF retail space built in 2014; Prominent storefront and signage potential on Commercial and Maple Streets; Layout suited for conversion to a specialty food hall or neighborhood grocery concept