New Retail Space in
For Lease
Contact for pricing
55 Union St, Portland, ME 04101
New two-story retail space in Old Port Square.
Space Size3,793 SF - 3,794 SF
Days on Market150
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Property Features for 55 Union St
General Information
Standard status
Active
Size
3,793 SF - 3,794 SF
Property subtype
RETAIL
Spaces For Lease
at 55 Union St Contact us55 Union St AVAILABLE, Completion
Floor
1
Size
3,794 SF
Type
RETAIL
Rate
Contact for pricing
Sublease
No
- Designed by Safdie Architects, 55 Union Street will be a new two-story, single-tenant retail structure made primarily out of mass timber and glass serving both as a gateway to Old Port Square, welcoming pedestrian and vehicular traffic entering the district from Union Street, as well a retail anchor for the west side of the district.
- High ceilings, great views, new construction, 20’+ ceilings, sustainable design
Contact us 55 Union St AVAILABLE, Completion
Floor
2
Size
3,793 SF
Type
RETAIL
Rate
Contact for pricing
Sublease
No
- Designed by Safdie Architects, 55 Union Street will be a new two-story, single-tenant retail structure made primarily out of mass timber and glass serving both as a gateway to Old Port Square, welcoming pedestrian and vehicular traffic entering the district from Union Street, as well a retail anchor for the west side of the district.
- High ceilings, great views, new construction, 20’+ ceilings, sustainable design
Contact us
Listing Agency:
Newmark | Boston
(617) 863-8090
Listed By:
Matt Curtin
(617) 548-4639
Source:
Moodyscre
Added: May 19
Changed: Oct 14
Last Checked: Oct 15 at 1:43AM
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 Newmark | Boston
Investment Insights
Based on property information with market context.
A new two-story, single-tenant retail structure at 55 Union Street in Portland, Maine, is designed by Safdie Architects. The building, primarily constructed of mass timber and glass, will serve as a gateway to Old Port Square, welcoming pedestrian and vehicular traffic entering the district from Union Street. It will also function as a retail anchor for the west side of the district. The property features high ceilings, great views, and sustainable design, with ceiling heights exceeding 20 feet. The property offers a total area of 3793 square feet.
Key Highlights
- Designed by Safdie Architects
- New Construction
- Mass timber and glass construction
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
6,198
Businesses Nearby
115k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Hotels & Casinos 31%
Shops & Services 12%
Dining 10%
Whole Foods Market
Groceries
44,366 visits/mo
0.5 miles
Hampton Inn Portland Downtown Waterfront
Hotels & Casinos
14,714 visits/mo
0.3 miles
Circle K
Shops & Services
12,170 visits/mo
0.5 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
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Portland, ME
$25.51 /SF/Yr
Avg Asking Price
$12–$38 /SF/Yr
Price Range
5,435 SF
Avg Space Size
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - New two-story retail space in Old Port Square.
Where is this retail space located?
The property is located at 55 Union St Portland, ME.
What are key features of this property?
This property features: Designed by Safdie Architects; New Construction; Mass timber and glass construction
