1190 Forest Avenue

Portland, ME, 04103

$3,250,000

$3,250,000
Active
Active
 - For Sale
carpenters-square
15,126 ft²
property_type
Commercial
calendar
Built 1900
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 ********
MLS® ID:
1542320
Updated:
10/4/22
Legacy Properties Sotheby's International Realty
Michele Perejda

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Wood, Tile, Laminate, Carpet
Cooling
Heat Pump
Heating
Space Heater, Heat Pump, Forced Air, Direct Vent Heater

Exterior/Building Features

Lot Size
0.47 acres lot
Exterior Features
Vinyl Siding, Brick
Sewer
Public Sewer

Other Property Details

Taxes
$27801
Tax Frequency
per YEAR
Garage
No
Parking
Off Street, 21 Spaces, Paved
View
N
County
Cumberland
Water Source
Public
Pool
No
Zoning
B2

Listed by Jeffrey Davis, Town & Shore Real Estate

Listing data is derived in whole or in part from the Maine IDX and 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. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Michele Perejda shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 2:31 AM UTC, 10/4/22

Legacy Properties Sotheby's International Realty
Michele Perejda
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