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Retail Space in Old Port

383 Commercial St, Portland, ME

For Lease
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New construction retail space in Portland's Waterfront area.

Space Size891 SF - 1,922 SF
Lot Size2.41 Acres
Days on Market2677

Property Features for 383 Commercial St

General Information

Standard status Active
Size 891 SF - 1,922 SF
Lot size 2.41 Acres
Property subtype RETAIL

Spaces For Lease

at 383 Commercial St Contact us

Old Port Office Space For Sale or Lease $28/SF/Yr

Floor 1
Size 891 SF
Type MULTIFAMILY
Lease Type NNN
Availability AVAILABLE
NEW CONSTRUCTION IN THE OLD PORT - 336± SF EXISTING WITH PERMITS IN PLACE FOR ADDITIONAL SF 336± SF office/retail space on York Street Permits in place for an upper level which would create a total of 891± SF Walk score of 92, a walker’s paradise Surrounded by hotels, retail, office and restaurants and residential condos
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Old Port Retail Space For Lease $28/SF/Yr

Floor 1st
Size 1,922 SF
Type RETAIL
Lease Type NNN
Availability AVAILABLE
Sublease No
NEW CONSTRUCTION IN THE OLD PORT • 1,922± SF first floor retail space available • Excellent visibility on Portland’s Waterfront with traffic counts of 14,730± cars/day • Walk score of 92, a walker’s paradise • Surrounded by hotels, retail, office and restaurants and residential condos
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Listing Agency: Malone Commercial Brokers
Listed By: Luke Malone · License ME BA927778
Source: Moodyscre
Added: Jul 18, 2019 Changed: Aug 8 Last Checked: May 19 at 9:21PM

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

Rey
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Investment Insights

Based on property information with market context.

This property offers new construction retail space in the Old Port area, with available spaces ranging from 1,457 to 3,379 square feet on the first floor. The location provides excellent visibility on Portland’s Waterfront, benefiting from traffic counts of approximately 14,730 cars per day. The area has a walk score of 92, indicating it is highly walkable. The property is surrounded by hotels, retail establishments, offices, restaurants, and residential condos.

Key Highlights

  • New construction retail space in the Old Port.
  • Excellent visibility on Portland's Waterfront.
  • High walk score of 92.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Hobson's landing Condominium Complex ChargePoint Charging Station Electric Vehicle Charging Station Maine Dentistry Dental Office

Suggested Use

Top Pick Locksmith Auto Parts Store Butcher Carpet & Flooring Store Tanning Salon (Bike/Boat/Book/etc) 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
$4.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,563
Businesses Nearby
49k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 48% Apparel 21% Dining 16% Hotels & Casinos 12%
Circle K Shops & Services
12,170 visits/mo 0.1 miles
Reny's Apparel
10,314 visits/mo 0.2 miles
7-Eleven Shops & Services
10,061 visits/mo 0.5 miles
Luke's Lobster Dining
6,958 visits/mo 0.5 miles
Courtyard by Marriott Portland Downtown/Waterfront Hotels & Casinos
5,673 visits/mo 0.1 miles
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Portland, ME

$26.5 /SF/Yr
Avg Asking Price
$12–$45 /SF/Yr
Price Range
5,195 SF
Avg Space Size

This space is priced 6% above the average of $26.5 /SF/Yr.

Properties on Market for Retail space in Portland

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Retail space - New construction retail space in Portland's Waterfront area.
Where is this retail space located?
The property is located at 383 Commercial St Portland, ME.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: New construction retail space in the Old Port.; Excellent visibility on Portland's Waterfront.; High walk score of 92.
(207) 358-7034 Call to check price and availability
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