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15 CHESTNUT ST Portland ME 04101-4940

[Locked] • APN 027 C011001

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Details
Property Type Retail
Sub Type Restaurant
Building SqFt 14,358
Lot SqFt 8,500
Acreage ******
Number of Units 1
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code B3
Year Built 1900
Building Count 1
Opportunity Zone Yes
Mortgage Amount ******
Interest Rate ******
Mortgage Recording Date ******

Property History

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Property Type
Property Type
Multifamily, Hospitality, Mixed Use, Special Purpose
Property Subtype
Religious/Church, Sports/Entertainment
Marketing Description

Price Improvement!

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.

Investment Highlights

• Includes property, business assets and all FF&E

• Listed on National Register of Historic Places

• Modern amenities and updates while honoring historical and architectural integrity

• Seats 175 plus additional room for events

• 27 historic stained glass windows

• Restored woodwork, exposed beams and cathedral ceilings

• Modern circular bar under chandelier overhang, dining alcoves along walls

• Mezzanine space overlooking bar and restaurant

• Open kitchen with state-of-the-art equipment in former alter location

• Additional event venue in downstairs

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Listing removed on
 BY:
BP
Bryan Plourde, MAI PRO
•••.•••.7100
•ryan@•••••••••••.com
Brokerage logo
Listing removed on
 BY:
JL
Justin Lamontagne PRO
•••.•••.7100
••stin@•••••••••••.com
Brokerage logo

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