Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    431 Forest Portland, ME 04101

    Sponsored
    For Lease
    $60 SF/Yr

    Upscale Bar/Restaurant, 80K+ SF, Portland, ME

    Lot size:
    80,189 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 80,189 square foot retail property, located at 431 Fore Street in Portland, Maine, presents a unique investment opportunity. Built in 2013, this single-tenant building sits on a 0.44-acre lot and is zoned B-3, offering significant potential for a variety of uses. Currently configured as a bar and restaurant, the space boasts a modern design and is equipped with elevators for convenient access. The property's prime location in Portland's vibrant city center ensures high visibility and foot traffic. The address is 431 Fore St, Portland, ME 04101, and the property's Assessed Parcel Number (APN) is Map 32 Block I Lot 42 within Cumberland County. This substantial building offers a rare chance to acquire a well-established commercial space in a thriving market. The property's size and location make it ideal for a variety of businesses seeking a prominent presence in Portland. The building's modern construction and amenities, combined with its strategic location, make it an attractive proposition for discerning investors and business owners. The property's single-tenancy status offers streamlined management and potential for long-term lease agreements. Serious inquiries are encouraged to explore this exceptional opportunity further.

    Property Features for 431 Forest

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    80,189 SF
    Total Rate
    400945

    Building Details

    Year Built
    2013
    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    930 SF
    Rate per SF
    $60

    HighLights

    • 930± SF ground floor retail space next to the Hyatt Place Hotel.
    • High visibility storefront with floor‑to‑ceiling windows providing abundant natural light.
    • Prime Old Port location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2547655
    Latitude
    43.6560088

    Nearby Similar for Lease

    • $19 SF/Yr
      1,550 SF

      Waterfront Commercial Space on Portland Pier

      1,550 SF commercial space with harbor views.
      39 Portland Pier, Portland, ME 04101
      View Details
    • $40 SF/Yr
      800 SF

      Retail Space on Portland Waterfront

      Retail or service space with excellent waterfront visibility.
      1 Commercial St, Portland, ME 04101
      View Details
    • $8 SF/Yr
      5,442 SF

      Portland Office Space for Lease

      Flexible workspace solutions in prime location.
      400 Congress St, Portland, ME 04101
      View Details
    • $25 SF/Yr
      8,229 SF

      Downtown Portland Food Hall Space

      8,229 SF food hall in downtown Portland for lease.
      28 Monument Sq, Portland, ME 04101
      View Details
    • $10 SF/Yr
      20,725 SF

      Portland Retail/Flex/Industrial Space Available

      20,725-45,567± SF retail/flex/industrial space for lease in Portland.
      75 Northport Dr, Portland, ME 04103
      View Details
    • Contact for pricing
      15,360 SF

      Portland Mixed-Use Commercial Space

      Prime Portland location, office & warehouse space available.
      306 Warren Ave, Portland, ME 04103
      View Details
    • $30 SF/Yr
      6,300 SF

      Prime West Bayside Retail Space

      New construction, luxury location, patio space.
      52 Hanover St, Portland, ME 04101
      View Details
    • $4,295,000
      27,800 SF

      Downtown Portland Mixed-Use Building

      Mixed-use building with retail and residential units in downtown Portland.
      540 Congress St, Portland, ME 04101
      View Details
    • $26 SF/Yr
      7,500 SF

      Iconic Old Port Retail Space

      Prime retail location in the heart of Portland's waterfront district.
      373 Forest, Portland, ME 04101
      View Details
    • Contact for pricing
      120,000 SF

      New Class A Office Building

      New construction Class A office space in Rock Row development.
      100 Quarry Rd, Portland, ME 04103
      View Details
    • $450 /Mo
      325 SF

      Professional Office Space in Portland

      Bright office space in Portland's Old Port District.
      29 Exchange St, Portland, ME 04101
      View Details
    • $16 SF/Yr
      10,894 SF

      Portland Flex Space with Restaurant

      10,894± SF commercial space in Portland's popular neighborhood.
      123 Washington Ave, Portland, ME 04101
      View Details

    FAQs

    What type of property is this?
    Restaurant - Upscale Bar/Restaurant, 80K+ SF, Portland, ME
    Where is this restaurant located?
    The property is located at 431 Forest Portland, ME.
    What is the lease rate?
    The lease rate is $60 SF/Yr.
    What are key features of this property?
    This property features: 930± SF ground floor retail space next to the Hyatt Place Hotel.; High visibility storefront with floor-to-ceiling windows providing abundant natural light.; Prime Old Port location.
    Request Owner's contact information
    431 Forest Portland, ME 04101
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    431 Forest
    Portland, ME 04101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    431 Forest Portland, ME 04101
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.