45 Danforth St Portland, ME 04101-4501
This exceptional opportunity presents the chance to acquire a thriving, award-winning Chinese restaurant in Portland, Maine's vibrant Old Port district. The property, located at 45 Danforth Street, boasts a substantial 5,169 square feet of space within a free-standing building. This well-established business has earned the prestigious title of "Best Chinese Restaurant in Portland" for an impressive ten consecutive years, demonstrating consistent success and strong customer loyalty. The sale includes not only the real estate itself, but also the complete business operation and all fixtures, furniture, and equipment (FF&E), making this a truly turnkey acquisition. The 0.08-acre lot provides ample space for the building and offers excellent visibility in a high-traffic area. Its prime location in the heart of the Old Port places it within easy walking distance of numerous amenities, including a shopping center, hotels, other restaurants, and the Portland waterfront. This presents a unique investment opportunity for an experienced restaurateur or a savvy investor looking to capitalize on a proven, successful business in a desirable location. The asking price of $1,300,000 reflects the value of both the real estate and the established, profitable business. This is a rare chance to own a piece of Portland's culinary history and continue its legacy of success.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.