Cardente Real Estate is pleased to offer for sale this property in Portland, just off exit 47 of the Maine Turnpike. This 3,000-square-foot commercial condominium has a large showroom with 14-foot ceilings, a private office, and warehouse with mezzanine storage. The seller is offering 80 percent owner financing. Amenities include a 12-foot-by12-foot overhead door,12-foot clear height in warehouse (ceilings extend to 18 feet), and highly visible signage. Formerly two separate condos combined into one, this end cap is ideal for many uses including retail, service, and industrial operations.
CoStar Group Power Broker Award Winners
Top Leasing Firms in Portland:
• Cardente Real Estate
• CB Richard Ellis|The Boulos Company
• NAI Dunham Group
It is a known fact that the golden rule of real estate is location, location, location, and no other sector follows this rule more closely than retail. Retail development in any market is dependent on direct access from major roadways and the ability to provide consumers with easy access and convenience.
The retail market in Maine is no exception. Due to its location along key turnpikes and highway exits, the majority of Maine’s retail development is occurring in the southern and central parts of the state. Two municipalities in southern Maine, Falmouth and South Portland, are experiencing significant development because they offer direct access to Interstate 295 and the state’s turnpike. Although Maine tends to be the last state in northern New England to get the latest national retailers, the retail market has remained strong with new development opportunities ranging from big-box regional shopping centers to multi-tenanted retail buildings that target smaller retailers between 1,000 to 3,000 square feet. (Continued on PDF)
It’s one of many places to eat in the city and, more specifically, in the iconic Old Port. Five Guys Burgers and Fries recently joined a plethora of restaurants in the immediate area, from comfortable pubs like Gritty McDuff’s and the Old Port Tavern to high-end restaurants like the Salt Exchange and Fore Street.
But in an important way, Five Guys is also a rarity, representing a continuing evolution that has been taking place in the Old Port for the last decade-plus. In a quirky, cobblestoned and character-filled retail district, Five Guys is a national chain franchise surrounded by local boutiques, art galleries, coffee shops and tourist traps.