Current Use by Public Records
- TIQA / Restaurant
Property Details for 327 Commercial St
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.2566
- Latitude
- 43.6528
