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Old Port Restaurant/Retail Opportunity
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327 Commercial, Portland, ME 04101

6,981±SF restaurant/retail space in Portland's Old Port for sale.

Property Size6,981 SF
Price / SF$415.41
Days on Market193

Property Features for 327 Commercial

General Information

Standard status Active
Size 6,981 SF
Property subtype Hospitality
Zoning B5B

Building Details

Year Built 2014
Listing Agency: Malone Commercial Brokers
Listed By: Nick Malone · License #SA928529
Source: Crexi
Added: Feb 3 Changed: Aug 15 Last Checked: Aug 13 at 4:03PM

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 Malone Commercial Brokers

Investment Insights

Based on property information with market context.

This 6,981±SF commercial space is located on Commercial Street in Portland's Old Port, suitable for restaurant or retail use. The property includes a condominium and associated assets, featuring a fully equipped commercial kitchen with two hoods, fixtures, and furniture. The seating capacity is approximately 250, including a main dining area, lounge, bar, and private dining room, with an additional patio capacity of approximately 30. Situated in one of New England’s celebrated dining destinations, the property benefits from exceptional visibility and foot traffic, surrounded by established restaurants, retail establishments, and waterfront attractions.

Key Highlights

  • Prime Old Port location with exceptional visibility and high foot traffic.
  • Fully equipped commercial kitchen with two hoods, fixtures, and furniture included.
  • Large 6,981±SF space suitable for restaurant or retail use.

Property Analytics

Current Use

TIQA Restaurant

Suggested Use

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

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

Location Intelligence

Trade Area within ½ mile

5,297
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - 6,981±SF restaurant/retail space in Portland's Old Port for sale.
Where is this conventional restaurant located?
The property is located at 327 Commercial Portland, ME.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Prime Old Port location with exceptional visibility and high foot traffic.; Fully equipped commercial kitchen with two hoods, fixtures, and furniture included.; Large 6,981±SF space suitable for restaurant or retail use.
(207) 772-2422 Call to check price and availability
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