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1190 Forest Avenue, Portland, ME, 04103 | $2,895,000
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
Features
- Property Type: Mixed Use
- Construction: Vinyl Siding, Brick, Other, Masonry
- Parking: 21+ Spaces, Paved, Off Street
- Heating: Space Heater, Heat Pump, Forced Air, Direct Vent Heater
- Cooling: Heat Pump
- Units: 29
- Zoning: B2
- Frontage: 430
- Year Built: 1900
- Approx Sq. Feet: 15,126
- Acreage: 0.47
- Est. Taxes: $32,124
- Lot Desc: Near Turnpike/Interstate, Business District, Bus Line, Near Shopping
- MLS#: 1611107
- Website: https://www.raveis.com
/prop/1611107/1190forestavenue_portland_me?source=qrflyer
 | Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. |  |
Listing courtesy of Town & Shore Real Estate
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