15 Chestnut Street | Portland, Maine
15 Chestnut Street presents a rare opportunity to acquire one of Portland's most prominent historic landmarks. Constructed in 1856 as the Chestnut Street Church, this 14,358+/- sq. ft. Gothic Revival building has been fully restored to modern standards while preserving original stained glass, cathedral ceilings, and detailed woodwork. Most recently, it operated as Grace Restaurant and Trine Events, establishing itself as one of the city's premier dining and event venues.
The property includes a mezzanine level, dramatic central bar, open kitchen, and a lower-level event space. It is fully sprinklered, climate controlled, and offered with most existing furniture, fixtures, and equipment.
Located in Portland's B-3 Downtown Business District, the building permits a wide array of commercial and residential uses. Potential reuses include hospitality (hotel, hostel, B&B), multi-family or mixed-use development, cultural and performance venues, retail, offices, restaurants, bars, and breweries. The property also qualifies for historic tax credits, creating additional redevelopment incentives.
Highlights:
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14,358+/- sq. ft. on 0.195+/- acres
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National Register of Historic Places; 2009 Preservation Award winner
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27 stained glass windows, cathedral ceilings, exposed beams
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Includes all FF&E, with modern HVAC, fire, and utility systems
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Positioned in Portland's downtown peninsula with flexible zoning
15 Chestnut Street combines architectural distinction with redevelopment flexibility, offering investors and developers a legacy asset in one of Maine's most sought-after urban markets.
Michael B. Carey | ME AUC Lic. 1466 | ME RE Lic. #DB919594
Proudly offered in conjunction with the team at Dunham Group - Commercial Real Estate