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Restaurant Space with Turnkey Buildout
New
For Lease
$36 SF/Yr

51 Wharf Street, Portland, ME 04101

A fitted restaurant space accommodates seating for up to 50 guests in Portland’s Old Port.

Space Size2,340 SF
Property Size4,740 SF
Days on Market2

Property Features for 51 Wharf Street

General Information

Standard status Active
Size 2,340 SF
Net Rentable 2,340 SF
Property subtype Retail
Lease Term MG

Space & Availability

Available Space 2,340 SF
Contiguous Space 2,340 SF
Space Use Restaurant

Additional Details

Seating Capacity 50

Building Details

Building Size 4,740 SF

Spaces For Lease

at 51 Wharf Street
Restaurant Space $36/SF/Yr
Size 2,340 SF
Type Restaurant
Term Negotiable
Contact us
Listing Agency: The Boulos Company
Listed By: Nate Stevens, SIOR
Source: Boulos
Added: Oct 16 Last Checked: Oct 16 at 2:25PM

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

Rey
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Investment Insights

Based on property information with market context.

At 51 Wharf Street, this 2,340± SF restaurant space has an existing restaurant buildout with seating for up to 50. Equipment may be included, with details available through the broker.

The property is in Portland’s Old Port, on a cobblestone street among restaurants, retail, nightlife, and hospitality businesses. Nearby establishments include Portland Harbor Hotel, Hyatt Place Hotel, Central Provisions, Insomnia Cookies, Rigby Yard, and Gorgeous Gelato.

Key Highlights

  • 2,340± SF restaurant space at 51 Wharf Street
  • Existing restaurant buildout with capacity for up to 50 seats
  • Equipment may be included; contact the broker for details

Property Analytics

Current Use

ATM Machine at 51 ... Atm Rathskeller on Wharf Restaurant

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Locksmith Daycare Center HVAC Service Carpet & Flooring 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
$5.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,012
Businesses Nearby
61k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Hotels & Casinos 45% Shops & Services 22% Apparel 17% Dining 16%
Hampton Inn Portland Downtown Waterfront Hotels & Casinos
14,714 visits/mo 0.4 miles
Circle K Shops & Services
12,170 visits/mo 0.3 miles
Reny's Apparel
10,314 visits/mo 0.3 miles
Hilton Garden Inn Portland Downtown Waterfront Hotels & Casinos
7,212 visits/mo 0.3 miles
Luke's Lobster Dining
6,958 visits/mo 0.3 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

Frequently Asked Questions

What type of property is this?
Conventional restaurant - A fitted restaurant space accommodates seating for up to 50 guests in Portland’s Old Port.
Where is this conventional restaurant located?
The property is located at 51 Wharf Street Portland, ME.
What is the lease rate?
The lease rate is $36 SF/Yr.
What are key features of this property?
This property features: 2,340± SF restaurant space at 51 Wharf Street; Existing restaurant buildout with capacity for up to 50 seats; Equipment may be included; contact the broker for details
More about this property
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