Commercial for Sale: 1190 Forest Avenue, Portland, ME 04103

$2,895,000
$2,895,000
1190 Forest Avenue, Portland, ME 04103
$2,895,000
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$2,895,000
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Type Commercial
Square Feet 15,126 sqft
Lot Size 0.47 acres
Year Built 1900
Taxes Paid $32,124
City Portland
County Cumberland
MLS 1611107
Status Active Under Contract
DOM 13 days
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

Room Features

Basement Description Full, Unfinished

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Lot & Building Features

Cooling Heat Pump
Tax Year 2025
Taxes Paid $32,124

Price History of 1190 Forest Avenue, Portland, ME

Date Name Price Difference
12/12/2024 Listing Price $2,895,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Elizabeth Niemaszyk
Direct: 978-375-5778
Office
200 Rockingham Road.
Londonderry, NH 03053
603-437-4447
Listed by Town & Shore Real Estate, Jeffrey Davis 207-773-0262
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1190 Forest Avenue (MLS #1611107) is a commercial listing located in Portland, ME. This commercial listing is 15,126 sqft and on a lot of 20,473 sqft (or 0.47 acres) and is 124 years old. This property was listed on 12/12/2024 and has been priced for sale at $2,895,000.

Nearby zip codes are 04092, 04101, 04102, 04105 and 04106. This property neighbors other cities such as Cape Elizabeth, Falmouth, Scarborough, South Portland and Westbrook.

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Listing information courtesy of: Town & Shore Real Estate

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.