1349 Washington Ave

Investment Highlights

Recognizable building with dining room featuring seating for 160 patrons Capitalize on the iconic bar design akin to the legendary Cheers bar, drawing past patrons and enthusiasts. Potential to reinvent the old establishment and introduce a new and fresh culinary concepts. Fully equipped commercial kitchen Great Curb Appel and Well situated in the Northport Business Park with abundant parking and easy access off both Washington Avenue and Allen Avenue Opportunity for extending the current business by adding catering services and delivery options.

Executive Summary

A rare opportunity to acquire a unique restaurant property that has been a part of Portland's vibrant culinary history. Parker's Restaurant is the famed neighborhood Pub ingrained with nostalgia that will immediately attract past patrons and fans of the iconic gathering place. Known by many as the "Cheers" of Portland, the once-thriving establishment is now available for acquisition as a turnkey restaurant/sports bar operation. It still has a following with its previous clientele standing by anxiously awaiting its reopening.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    4,150
• Building Class    C
• Year Built/Renovated    1970/1989
• Price    1,750,000
• Price Per SF    422
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.23
• Land Acres    0.42 AC