$2,895,000
( $191.39Per Sq Foot )
 $15,541 est/mo Sourced by Back At You

1190 Forest Avenue , Portland, ME 04103

Portland, ME 04103

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Description

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

Details

MLS#1611107
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year1900
Days On Site59
Listing Provided ByTown & Shore Real Estate | Jeffrey Davis

Features

SQ Feet15,126
BasementY
Story(s)2
Units29
ZoningB2
Acreage0.47

Market Activity 04103

    
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. © 2025 Maine Real Estate Information System, Inc. All Rights Reserved.

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Learn More About This Property

StateME
CountyCumberland
CityPortland
Zip Code04103
Listing VS Median (in 04103)
Price:
$2,895,000
low | high
Med:
$642,000
100% of Average
SqFt:
15,126
low | high
Med:
1,854
100% of Average
$ / SqFt:
$191
low | high
Med:
$349
32.346136538038% of Average
On Site:
59
low | high
Med:
82.500000
71.515151515152% of Average
Sourced by Back At You
Listing Updated: January 3, 2025 at 3:54:27 PM PST