1190 Forest Avenue, Portland, ME, 04103
1900
15,126 sqft
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 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 Multifamily MLS #1611104
Status:
Pending
Type:
Commercial
Units:
29
Zoning:
B2
Frontage:
430
Heating:
Space Heater, Heat Pump, Forced Air, Direct Vent Heater
Cooling:
Heat Pump
Basement:
Full, Unfinished
Parking:
21+ Spaces, Paved, Off Street
Acreage:
0.47
Est. Taxes:
$32,124
Construction
Vinyl Siding, Brick, Other, Masonry
Lot Description:
Near Turnpike/Interstate, Business District, Bus Line, Near Shopping
MLS #:
1611107
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of Town & Shore Real Estate