Property summary
This exceptional 14,358 square foot property at 15 Chestnut Street in Portland, Maine, presents a unique investment opportunity. Built in 1836 and renovated in 2009, this historic landmark, listed on the National Register of Historic Places, boasts stunning Gothic Revival architecture and 27 breathtaking stained-glass windows. The building features restored woodwork, exposed beams, and cathedral ceilings, creating an atmosphere of timeless elegance. Previously home to the acclaimed Grace Restaurant and later Trine Events at Grace, the property is currently configured as a versatile event venue with seating for 175 plus additional space. Modern amenities seamlessly blend with the historical integrity, including a modern circular bar, dining alcoves, a mezzanine, and a state-of-the-art open kitchen. The property includes all fixtures, furniture, and equipment (FF&E). Located on a 0.195-acre lot, it is zoned B3 & DEOZ, offering a range of commercial and residential development possibilities. The asking price is $2,595,000, and the property qualifies for historic tax credits. This is a rare chance to acquire a piece of Portland's rich history and capitalize on its significant potential.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel Resort
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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