Active under contract
1190 Forest Avenue
Portland ME, 04103
$2,895,000
Active under contract
15,126 sqft
Multi-family
Built in 1900
Courtesy of Town & Shore Real Estate
100% occupied brick 15,126 square foot mixed-use property. This historic building has 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 25 rooming units and common areas. 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 Commercial MLS #1611107
1611104
MLSⓇ ID
December 12, 2024
Listed
December 18, 2024
Updated
Map
1190 Forest Avenue
Portland ME, 04103
Interior Features
Total Stories
2
Laundry Description
Washer Hookup
Floor Description
Wood, Tile, Laminate, Carpet
Fireplace
No
Cooling
Yes
Cooling Description
Heat Pump
Heating
Yes
Heating Description
Space Heater, Heat Pump, Forced Air, Direct Vent Heater
Exterior/Building Features
Lot Size
0.47 Acres
Lot Features
Level, Near Shopping
Architectual Style
Multi-Level, Rooming House, Victorian
Roof
Membrane
Sewer
Public Sewer
Other Property Details
Taxes
$32,124
Tax Frequency
Annually
Garage
No
Parking
21 Spaces, Paved, Off Street
View
No
County
Cumberland
Water Source
Public
Pool
No
Zoning
B2
Listing History
Date | Event | Price |
---|---|---|
12/18/2024 | Under contract | — |
Listing Contact: 207-233-9423
Courtesy of 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. © 2024 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 Dambrie Garon Real Estate Advisors shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 4:10 PM UTC, 12/18/2024