1190 Forest AvenuePortland, ME 04103MLS Number 1542320

  • Price: $3,250,000
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Federal 30-year interest rate: 6.49% last updated on Dec 1, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
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1190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 04103
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  • 0.47Acreage
  • 1900Year Built

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100% occupied brick 15,126 square foot mixed-use property. This historic building has just 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 22 rooming units and a 2-bedroom apartment. 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 Multi-Family MLS # 1542321
Listed by Town & Shore Real Estate

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More Info

Location Information

  • Building Number1190
  • StreetForest Avenue

Building

  • BasementFull, Unfinished
  • Stories2
  • Total Units29
  • Year Built1900
  • FoundationBrick/Mortar, Stone
  • Building ConstructionMasonry, Other
  • Building FeaturesCable, Fire System, Internet Access Available, Loading Docks 1 - 4, Sprinkler - Wet
  • RoofMembrane
  • Year Renovated2021

Property Information

  • Property UsesBar/Tavern/Lounge, Commercial, Convenience Store, Grocery, Hotel/Motel, Office Building, Restaurant, Retail
  • Zoning OverlayUnknown

Photos

  • Number of Photos35
  • Last Img Trans Date09/07/2022

Tax Information

  • Tax Year2,022

Location

  • StateME
  • TownPortland
  • Zip04103
  • LocationBus Line, Business District, Near Shopping, Near Turnpike/Interstate
  • CountyCumberland
  • Map293
  • Road Frontage430

Property

  • Acreage0.47
  • Sq Ft Finished Total15,126
  • Leased LandNo

Utilities

  • Heat SystemDirect Vent Heater, Forced Air, Heat Pump, Space Heater
  • Heating FuelElectric, Gas Natural
  • Waste Water DisposalPublic Sewer
  • WaterPublic
  • CoolingHeat Pump
  • ElectricCircuit Breakers
  • GasNatural - On Site

Basic Information

  • List Price$3,250,000
  • MLS Number1542320
  • Address1190 Forest Avenue
  • Broker NameTown & Shore Real Estate
  • Modification Date09/08/2022
  • Agent ID002054
  • Broker ID1067
  • MLS StatusActive
  • Property SubTypeMixed Use

Interior

  • FloorsCarpet, Laminate, Tile, Wood

Exterior

  • ExteriorBrick, Vinyl Siding

Amenities

  • Other AmenitiesBasement

Other

  • Parking Spaces21+ Spaces, Off Street, Paved
  • View Count4
CENTURY 21 Atlantic
CENTURY 21 Atlantic
Office: 207-363-4053
433 US Route One
Suite 101
York, ME 03909

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

CENTURY 21 Atlantic participates in ©2022 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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