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New Retail Space in Portland
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55 Union St, Portland, ME 04101

New two-story retail space in Old Port Square.

Space Size3,793 SF - 3,794 SF
Days on Market105

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 us

55 Union St

Floor
1
Size
3,794 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Completion
Sublease
No
- Designed by Safdie Architects, 55 Union Street will be a new two-story, single-tenant...
show more
Contact us

55 Union St

Floor
2
Size
3,793 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Completion
Sublease
No
- Designed by Safdie Architects, 55 Union Street will be a new two-story, single-tenant...
show more
Contact us
Listing Agency: Newmark | Boston
Listed By: Matt Curtin
Source: Moodyscre
Added: May 19 Changed: Aug 11 Last Checked: Aug 30 at 11:02PM

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

Current Use

Retail space

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Locksmith Pet Grooming Service 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

Location Intelligence

Trade Area within ½ mile

6,198
Businesses Nearby
115k
Monthly Visits Nearby

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

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?
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
(617) 548-4639 Call to check price and availability
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