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Property profile

327 Commercial St Portland, ME 04101

OFF-MARKET
Retail properties & Spaces
6,981 SF
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Property summary

AI-generated overview

This exceptional Class A, 6,981-square-foot restaurant is located at 327 Commercial Street in the heart of Portland, Maine's vibrant culinary scene. Boasting a desirable B5B zoning, this turnkey operation offers a substantial 280+ seating capacity, encompassing a main dining area, lounge, bar, chef's table, and a spacious 1,400-square-foot private dining room. Further enhancing its appeal is a 1,000-square-foot outdoor patio, premium signage opportunities, and inviting oversized floor-to-ceiling windows providing excellent street visibility. Situated in a walker's paradise (93 Walk Score), this property benefits from a high volume of foot traffic and is surrounded by a diverse mix of businesses, including boutiques, galleries, and other restaurants. The greater Portland area boasts a population exceeding 550,000 and attracts over 5.4 million annual visitors, ensuring a robust customer base. The asking price is $3,500,000 plus furniture, fixtures, and equipment (FF&E). Seller financing is available. The lease rate is $30.00 per square foot, NNN. This is a rare opportunity to acquire a thriving restaurant in one of Maine's most sought-after locations.

Property profile

Verified
Property type Retail properties & Spaces
Total area 6,981 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

327 Commercial St Portland, ME 04101
Portland metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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