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Property profile & analytics
OFF-MARKET Estimated value $550,000
Retail space

45 Danforth St Portland, ME 04101-4501

5,169 SF 0.08 ac lot Built 1938
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US42-0111435
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$550k
Owner & transaction history
Tina Cigri · 1 yrs held
Tina Cigri
since 2024
4 recorded transactions
2024
Price N/A
2013
Price N/A
2011
Price N/A
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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