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Restaurant Condo with Commercial Kitchen
New
For Sale
$530,000

88 Congress Street, Portland, ME 04101

A dedicated entrance serves a fully equipped restaurant space with FF&E and business essentials included.

Property Size877 SF
Price / SF$604.33
Days on Market3

Property Features for 88 Congress Street

General Information

Standard status Active
Size 877 SF
Property subtype Retail

Additional Details

Furnished Yes
Equipment Included Yes

Building Details

Building Size 877 SF
Year Built 1972
Listing Agency: The Boulos Company
Listed By: Brice O'Connor · License #BR926097
Source: Boulos
Added: Nov 4 Last Checked: Nov 6 at 7:55AM

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.

This restaurant condominium offers 877± SF of space with a dedicated entrance. The interior includes a fully built-out commercial kitchen and bar, and FF&E and business essentials are included. The building dates to 1972.

The property is at 88 Congress Street in Portland, Maine, on Munjoy Hill.

Key Highlights

  • 877± SF restaurant condominium
  • Dedicated entrance
  • Fully built‑out commercial kitchen and bar

Property Analytics

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Open Analytics

Current Use

Rosemont Market & Bakery Specialty Food Shop

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Daycare Center Tanning Salon Auto Parts Store Nursing Home

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

1,776
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 47% Hotels & Casinos 37% Dining 16%
7-Eleven Shops & Services
10,539 visits/mo 0.3 miles
Cambria Hotel Portland Downtown Old Port Hotels & Casinos
4,802 visits/mo 0.4 miles
Residence Inn by Marriott Portland Downtown/Waterfront Hotels & Casinos
3,536 visits/mo 0.4 miles
Amato's Dining
2,317 visits/mo 0.5 miles
Otto Dining
1,155 visits/mo 0.4 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Conventional restaurants in Cumberland County, ME

$206 Jul
$194 Aug
$194 Sep
$233 Oct

Properties on Market for Conventional restaurants in Cumberland County

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?
Conventional restaurant - A dedicated entrance serves a fully equipped restaurant space with FF&E and business essentials included.
Where is this conventional restaurant located?
The property is located at 88 Congress Street Portland, ME.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: 877± SF restaurant condominium; Dedicated entrance; Fully built‑out commercial kitchen and bar
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