The New Portland Theatre, later known as the Preble Street Playhouse, was located at 11 Preble St. above the George C. Shaw Co. store.

This was the last playhouse to take the name "Portland Theater."

It opened Feb. 14, 1910 next the former theater of the same name. With a capacity of 1,000 patrons, the new Portland Theater presented both theater productions and motion pictures. It was home to the Portland Players in the mid 20th century.

It was razed in 1989.