Technical
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Property profile

45 Danforth St Portland, ME 04101

OFF-MARKET
Retail space
Property ID
US42-0111435
5,169 SF 0.08 ac lot Built 1938
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1938
Total area 5,169 SF
Lot 0.08 ac (3,463 SF)
APN PTLD M:040 B:B032001
UPID US42-0111435

Cap rate & NOI

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

Location

45 Danforth St Portland, ME 04101-4501
Portland metro Census 300 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2013
Price N/A
2011
Price N/A
2005
Price N/A

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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