671-675 Forest Avenue, Portland, ME, 04103 | $1,499,000
2 retail & 5 residential units in a prime location! Discover a unique investment opportunity at the vibrant intersection of Forest Ave, Woodford St, and Ocean Ave. This property features a strategic location with two street-level retail units, perfect for businesses seeking prime visibility, and five residential units on the second floor, providing modern living spaces with 1 to 3 bedrooms. The full unfinished basement, equipped with a loading dock, adds versatility for potential expansion, storage, or logistical convenience. Positioned at a bustling intersection, the property promises high traffic and accessibility via major thoroughfares and public transportation. Investors can capitalize on a steady rental income stream from the mix of residential and commercial spaces, while the prime location ensures long-term appreciation and demand. Explore the potential of this mixed-use gem, combining convenience, versatility, and income prospects. Schedule your private viewing and seize the opportunity to invest in this dynamic property.
Features
- Property Type: Retail
- Construction: Brick Veneer, Brick, Masonry
- Parking: 1 - 4 Spaces, Off Street
- Heating: Hot Water, Baseboard
- Cooling: None
- Units: 7
- Zoning: B2B
- Approx Sq. Feet: 7,446
- Acreage: 0.12
- Lot Desc: Near Turnpike/Interstate, Near Airport, Downtown, Business District, Near Shopping
- MLS#: 1581921
- Website: https://www.raveis.com
/prop/1581921/671675forestavenue_portland_me?source=qrflyer
William Raveis Family of Services
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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 793093
203.415.2989
Brian.Skelly@raveis.com
Our Executive Mortgage Banker:
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978-337-3053
Paul.Berrios@raveis.com
Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable