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at 311 Commercial St Contact us

Retail Condominium For Lease $25/SF/Yr

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Listing Agency: Malone Commercial Brokers m***@malonecb.com Show Phone

Listed By: Mark Malone · License #911380 Show Phone

Source: Moodyscre

Added: Jan 6 Changed: Jul 29 Last Checked: Aug 2 at 2:02PM

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Investment Insights

Based on property information with market context.

This approximately 6,981-square-foot retail space offers an ideal layout for conversion to a specialty food hall or a neighborhood grocery concept. The space is configured for a prominent storefront presentation, supporting boutique retail and retail services, with direct storefront presence for walk-in traffic.

Located at 311 Commercial St in Portland, the property is positioned amid the area’s waterfront attractions, supporting strong day-to-day visibility. Signage opportunities are available directly on the building along Commercial and Maple Streets, helping brand visibility from the street.

The combination of retail-forward frontage, flexible conversion-friendly layout, and building signage makes this a practical fit for operators looking to establish a storefront presence in a high-activity waterfront setting.

Key Highlights

• About 6,981 SF retail space
• Prominent storefront and signage opportunities along Commercial and Maple Streets
• Layout described as ideal for conversion to a specialty food hall or neighborhood grocery concept

Property Analytics

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

$3.75 /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

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

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Frequently Asked Questions

What type of property is this?

Retail space - About 6,981 SF retail space with a prominent storefront and signage opportunities 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 $25 SF/Yr.

What are key features of this property?

This property features: About 6,981 SF retail space; Prominent storefront and signage opportunities along Commercial and Maple Streets; Layout described as ideal for conversion to a specialty food hall or neighborhood grocery concept