Bar & Lounge for Sale in Portland, ME, $990K

East Bayside bar and lounge restaurant for sale, 7,620 SF second-generation building in Portland, ME

The opportunity

Positioned in East Bayside, this bar/lounge restaurant for sale offers a rare chance to acquire a substantial 7,620 SF building in one of Portland, ME's most active commercial districts. Offered at $990,000, the property is well suited for an operator or investor seeking a second-generation restaurant asset with room to reposition and renovate.

The existing setup supports a hospitality use, while the building size creates flexibility for a refreshed bar, lounge, or restaurant concept.

• Asking price: $990,000
• Building size: 7,620 SF
• Property type: Bar/Lounge
• Sale type: Property Sale
• Second-generation, needs renovation

Space & layout

With 7,620 SF of interior space, the building provides a larger footprint than many urban restaurant opportunities in Portland. The layout can accommodate a range of food and beverage uses, especially for buyers looking for a second-generation space they can tailor to their concept.

Included features support back-of-house functionality and customer flow.

• Three-compartment sink
• Multiple restrooms
• Existing bar/lounge use history
• Opportunity to renovate and reconfigure as needed

Location

Located at 186 Washington Ave, Portland, ME 04101, in the East Bayside area, the property sits within a neighborhood known for its mix of food, beverage, and creative commercial activity. For buyers searching for a restaurant for sale in East Bayside or a bar/lounge property in Portland, ME, this address places the asset in a recognizable in-town location.

• Address: 186 Washington Ave, Portland, ME 04101
• Neighborhood: East Bayside
• City: Portland, ME

Property details

The site includes a 0.11 SF lot as provided in the listing brief. Combined with the existing building improvements, this is a straightforward opportunity to acquire a second-generation restaurant property for sale in Portland, ME and renovate it for a new hospitality use.

• Lot size: 0.11 SF
• Existing use: Bar/Lounge
• Condition: Needs renovation