1190 Forest Avenue
1190 Forest Avenue
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For Sale

1190 Forest Avenue

1190 Forest Avenue, Portland, ME 04103

$3,250,000
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 ********

15,126 Sq.Ft. LIVING AREA

0.47 Acres lot

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Thank you for your interest in 1190 Forest Avenue, Portland, ME 04103. We are reviewing your request and will be in touch shortly!

Features & Amenities

Interior

  • Flooring Wood, Tile, Laminate, Carpet

Area & Lot

  • Status For Sale
  • Living Area15,126 Sq.Ft.
  • Lot Area0.47 Acres
  • MLS® ID1542320
  • TypeCOMMERCIAL
  • YEAR BUILT1900

Exterior

  • water SourcePublic
  • parkingOff Street, 21 Spaces, Paved
  • HEAT TYPESpace Heater, Heat Pump, Forced Air, Direct Vent Heater
  • AIR CONDITIONINGHeat Pump
  • sewerPublic Sewer
  • SubstructureOther, Masonry
  • other exterior FeaturesVinyl Siding, Brick

Financial

  • Sales Price$3,250,000
  • Real Estate Tax $27,801/yr
  • Zoning B2

Work With Jacqueline

Jacqueline Nedwell will assist you every step of the way from searching for your perfect home, preparing to list your home to negotiating the best deal

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