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Free Street Restaurant 77 Free St
8,500 - 17,000 SF of Retail Space Available in Portland, ME 04101
Highlights
- across from the Cumberland County Civic
- on same block as Maine College of Art
- in the arts district
- 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
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 8,500 SF | 16’ | 1-10 Years | $5.00 /SF/YR $0.42 /SF/MO $42,500 /YR $3,542 /MO | Triple Net (NNN) | |
| 2nd Floor | 8,500 SF | 16’ | 1-10 Years | $5.00 /SF/YR $0.42 /SF/MO $42,500 /YR $3,542 /MO | Triple Net (NNN) |
1st Floor
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.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Can be combined with additional space(s) for up to 17,000 SF of adjacent space
- Central Air and Heating
- Kitchen
- Private Restrooms
- Wi-Fi Connectivity
- Security System
- Corner Space
- High Ceilings
- Exposed Ceiling
- Secure Storage
- Emergency Lighting
- Finished Ceilings: 16’
- Basement
- DDA Compliant
- Display Window
- Ventilation - Venting
- Smoke Detector
- Wheelchair Accessible
- In heart of Portland’s arts district.
2nd Floor
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.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Can be combined with additional space(s) for up to 17,000 SF of adjacent space
- Central Air Conditioning
- Finished Ceilings: 16’
- In heart of Portland’s arts district.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 77 Free St , Portland, ME 04101
| Property Type | Retail | Gross Leasable Area | 34,000 SF |
| Property Subtype | Restaurant | Year Built/Renovated | 1940/2000 |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 34,000 SF |
| Year Built/Renovated | 1940/2000 |
About the Property
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
- Mezzanine
- Restaurant
- Security System
- Signage
- Wheelchair Accessible
- Storage Space
- Smoke Detector
Nearby Major Retailers
Presented by
KAPLAN 504 LLC
Free Street Restaurant | 77 Free St
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