77 Free St OFF MARKET
Portland, ME 04101 City Center OFF MARKET

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:	Located in heart of Portland’s arts district.  The State of Maine Fire Marshal has approved this property as a place of gathering.   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:  		17,000+/- square feet
	First floor:	8,500+/- square feet
	Basement:	8,500+/- 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:	
  	Free Street Restaurant 250+/- person capacity

Portland Storm Water Fee:		$652.92 per year

Portland Real Estate & District Tax: 		$12,974.28 per year

Insurance:		$6,979.68 per year

Fire sprinkler, panel, water, monitoring:	$794.10 per year

Current Tenants:	 Free Street Restaurant.   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 as CVS Pharmacy, Renys Department Store and Maine College of Art, Portland Museum of Art.   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