List Search

77 Free St
Portland, ME 04101

$3,542 USD/MO

Restaurant For Lease  •  8,500+ SF

Property Details

  • Property Type Restaurant
  • Year Built 1940
  • Total Building Size 34,000 SF
  • Tenancy Multiple
  • Building Class C
  • Zoning B-3
53 Transit Score
99 Walk Score

2 Spaces Available

Name Space Use Size Rent Details
1st Floor Ste Retail 8,500 SF $5.00 USD/SF/YR
Congress Street, in heart of Portland’s arts district.
The State of Maine Fire Marshal has approved this
property as a place of gathering. There is 53 feet of
frontage on Congress Street, 68 feet of frontage on
Free Street and 180 feet of frontage on Brown
Street. All the floors are made of cement. There is
a conveyor belt in the basement that can go to the
first floor. There is a handicapped elevator on the
Free Street side of the building that goes to 2 floors.
There are very few supporting posts on the first and
second floor. Most of the first floor is clear span.
There is a dumbwaiter elevator from the basement
to the first floor.

  • Date available: Now
  • Lease term: 1 - 10 Years
  • Service type: Triple Net
  • Built out as: Restaurants And Cafes
  • Space Type: Relet
  • In Contiguous block: 17,000 SF
2nd Floor Ste Retail 8,500 SF $5.00 USD/SF/YR
Congress Street, in heart of Portland’s arts district.
The State of Maine Fire Marshal has approved this
property as a place of gathering. There is 53 feet of
frontage on Congress Street, 68 feet of frontage on
Free Street and 180 feet of frontage on Brown
Street. All the floors are made of cement. There is
a conveyor belt in the basement that can go to the
first floor. There is a handicapped elevator on the
Free Street side of the building that goes to 2 floors.
There are very few supporting posts on the first and
second floor. Most of the first floor is clear span.
There is a dumbwaiter elevator from the basement
to the first floor.

  • Date available: Now
  • Lease term: 1 - 10 Years
  • Service type: Triple Net
  • Built out as: Restaurants And Cafes
  • Space Type: Relet
  • In Contiguous block: 17,000 SF

Description

FOR LEASE  *   77 FREE STREET   *  PORTLAND
FREE STREET RESTAURANT IS CLOSED & FOR LEASE  17,000 +/- SQUARE FEET—WITH ENTERANCES ON FREE AND BROWN STREETS

LESSOR:	KAPLAN 504 LLC (207) 774-9492          KAPLANCOMPANY@MSN.COM

DESCRIPTION:	Congress Street, in heart of Portland’s arts district.  The State of Maine Fire Marshal has approved this property as a place of gathering.  There is 53 feet of frontage on Congress Street, 68 feet of frontage on Free Street and 180 feet of frontage on Brown Street.  All the floors are made of cement.  There is a conveyor belt in the basement that can go to the first floor.  There is a handicapped elevator on the Free Street side of the building that goes to 3 floors.  There are very few supporting posts on the first and second floor. Most of the first floor is clear span.  There is a dumbwaiter elevator from the basement to the first floor. 

LEASE RATE:	VERY LOW BASE RENT & NNN CHARGES!

BUILDING AREA:	Total:  		33,664+/- square feet
	First floor:	14,834+/- square feet
	Basement:	14,834+/- square feet
	Second floor:	  3,996+/- square feet
	Mezzanine area that was projection room for three screen theater and café.

CEILING HEIGHT	first floor 16 feet—basement 12 feet high

BUILDING CONSTRUCTION:	Brick or masonry—all of the floors are made of cement

ZONING:				B-3

HVAC:				8 roof top units, over 53 tons of cooling and over 1 
					Million BTUS of high efficiency gas heat

Electric:				3 phase-800 AMPS-2 electric meter

Occupancy:	Arcadia 550+/- person capacity
  	Free Street Restaurant 200+/- person capacity

Portland Storm Water Fee:		$1,209.00 per year

Portland Real Estate & District Tax: 		$24,026.44 per year

Insurance:		$9,716.64 per year

Fire sprinkler, panel, water, monitoring:	$1,588.10 per year

Current Tenants:	Arcadia Restaurant & Free Street Restaurant both have their own kitchens.  Port City Music Hall, Bingas’ Stadium and Keystone Theater and Café are some of the previous tenants.  The building was constructed to be an Owen Moore department store with a large stair case into the basement.  

This property is on the same block and side of the street as CVS Pharmacy, Renys Department Store and Maine College of Art, Portland Museum of Art. 504 Congress Street is located across from 511 Congress Street; a large office and retail building and the Maine Historic Society.   The property has entrances on Free Street across from the Cumberland County Civic Center.  The Brown Street doors are oversized to bring in freight and as a means of egress.  Please contact us if you have any question or would like a tour of the property. 
 
Michael Kaplan
KAPLAN 504 LLC
49 Ocean Avenue
Portland, Maine 04103-5722
(207) 774-9492
kaplancompany@msn.com

Highlights

across from the Cumberland County Civic
in the arts district
on same block as Maine College of Art
on same block as CVS, Reny's Department Store, across the street from Maine Historic Society and down the street from Portland Museum of Art

Property Flyers

Amenities

  • Mezzanine
  • Restaurant
  • Security System
  • Signage
  • Wheelchair Accessible
  • Storage Space
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Portland (Downeaster - Amtrak) 5 min - 2.2 mi
AirportDriveWalkDistance
Portland International Jetport 10 min - 4.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Michael Kaplan 207-761-6500 KAPLAN 504 LLC
Michael Kaplan 207-761-6500 KAPLAN 504 LLC