15 Chestnut St 14,358 SF Specialty Building Offered at $2,450,000 in Portland, ME 04101














INVESTMENT HIGHLIGHTS
- Listed on National Register of Historic Places
- Gothic Revival Architecture
- Stunning Stained Glass Windows
EXECUTIVE SUMMARY
15 Chestnut Street is a 14,358 SF former Church, built in 1836, with incredible Gothic Revival architecture and stunning stained glass windows, exposed beams, restored woodwork, and cathedral ceilings. Most recently, the property was home to the nationally acclaimed Grace Restaurant, and in 2019 Grace became Trine Events at Grace, a full-time private events venue. A historic landmark property, 15 Chestnut Street is an incredible opportunity to own a piece of history on Portland’s peninsula. The property qualifies for historic tax credits, and zoning allows for a number of commercial and residential possibilities.
The Perfect Venue for Portland’s Growing Entertainment Scene:
With a proposed 3,300-capacity music venue planned nearby, 15 Chestnut Street is perfectly positioned to become the premier dining destination for concertgoers and event attendees. The property’s spacious 14,358 SF layout, modern bar, mezzanine seating, and event-friendly amenities make it an ideal choice for a high-end restaurant, cocktail bar, or entertainment venue. In addition, the B3 zoning ordinance allows for a wide variety of uses. Don’t miss this chance to be at the center of Portland’s next big entertainment hub.
The Perfect Venue for Portland’s Growing Entertainment Scene:
With a proposed 3,300-capacity music venue planned nearby, 15 Chestnut Street is perfectly positioned to become the premier dining destination for concertgoers and event attendees. The property’s spacious 14,358 SF layout, modern bar, mezzanine seating, and event-friendly amenities make it an ideal choice for a high-end restaurant, cocktail bar, or entertainment venue. In addition, the B3 zoning ordinance allows for a wide variety of uses. Don’t miss this chance to be at the center of Portland’s next big entertainment hub.
PROPERTY FACTS
Price | $2,450,000 |
Price Per SF | $170.64 |
Sale Type | Investment or Owner User |
Property Type | Specialty |
Property Subtype | Specialty |
Building Class | C |
Lot Size | 0.19 AC |
Building Size | 14,358 SF |
No. Stories | 2 |
Year Built/Renovated | 1836/2009 |
Opportunity Zone |
Yes |
Zoning | B3 & DEOZ |
1 of 1
Walk Score®
Walker's Paradise (100)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
Parcel Number | PTLD-000027-000000-C011001 | Improvements Assessment | $2,708,600 |
Land Assessment | $296,600 | Total Assessment | $3,005,200 |