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1190 Forest Avenue

Portland, ME 04103
  • $3,250,000
  • STATUS: Active
  • MLS #: 1542320
UPDATED: 45 min ago
$3,250,000
  • 0
    BEDS
  • 0.47
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 15,126
    SQFT
Neighborhood:
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

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Description

100% occupied brick 15,126 square foot mixed-use property. This historic building has just undergone major renovation with new storefronts, windows, heating, plumbing, electrical, etc. The first floor is comprised of six retail storefronts currently configured for 5 tenants. Facing busy Forest Avenue and Bishop Street, property offers visibility on one of the busiest intersections in the state of Maine. The second floor is new residential, comprised of 22 rooming units and a 2-bedroom apartment. The rear of the building offers parking and a loading dock. In addition, a separate .1825-acre, 20+ space parking lot is being conveyed with possible development opportunity. Current professional management is also available to the new owner if desired. Excellent financials, ideal for 1031 exchange investment. Close to many area restaurants, stores, businesses, and the University of New England. Also listed Multi-Family MLS # 1542321

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2022 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2022-12-08T14:47:50.217.
www.yoursouthernmaineagent.com/homes/132867537
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1190 Forest Avenue Portland, ME 04103

  • Price: $3,250,000
  • Status: Active
  • On Site: Days
  • Updated: 45 min ago
  • MLS #: 1542320
0
Beds
0
Baths
0
½ Baths
0.47
Acres
15,126
SQFT
$215
$/SQFT
1900
Built
Neighborhood:
Portland
County:
Cumberland
Area:
Portland
Property Description
100% occupied brick 15,126 square foot mixed-use property. This historic building has just undergone major renovation with new storefronts, windows, heating, plumbing, electrical, etc. The first floor is comprised of six retail storefronts currently configured for 5 tenants. Facing busy Forest Avenue and Bishop Street, property offers visibility on one of the busiest intersections in the state of Maine. The second floor is new residential, comprised of 22 rooming units and a 2-bedroom apartment. The rear of the building offers parking and a loading dock. In addition, a separate .1825-acre, 20+ space parking lot is being conveyed with possible development opportunity. Current professional management is also available to the new owner if desired. Excellent financials, ideal for 1031 exchange investment. Close to many area restaurants, stores, businesses, and the University of New England. Also listed Multi-Family MLS # 1542321
Exterior Features

Construction MasonryOther Exterior BrickVinyl Siding Foundation Materials Brick/MortarStone Parking 21+ SpacesOff StreetPaved Roof Membrane

Interior Features

Basement FullUnfinished Cooling Heat Pump Gas Natural - On Site Heat Fuel ElectricGas Natural Heat System Direct Vent HeaterForced AirHeat PumpSpace Heater

Property Features

Building Features CableFire SystemInternet Access AvailableLoading Docks 1 - 4Sprinkler - Wet Electric Circuit Breakers Full Tax Amount Amount 27801.00 Leased Land No Location Bus LineBusiness DistrictNear ShoppingNear Turnpike/Interstate Property Uses Bar/Tavern/LoungeCommercialConvenience StoreGroceryHotel/MotelOffice BuildingRestaurantRetail Sewer Public Sewer Surveyed Unknown Tax Year 2022 Water Public Zoning B2 Zoning Overlay Unknown

Listing provided courtesy of Town & Shore Real Estate: [IDXCONTACTINFORMATION].

© 2022 Maine Real Estate Information System, Inc. All Rights Reserved.

Mortgage Calculator is provided by BoomTown.

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2022 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2022-12-08T14:47:50.217.
 
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Keller Williams Realty
50 Sewall Street
Portland ME, 04102
Mortgage Calculator tool is provided by BoomTown.