671-675 Forest AvenuePortland, ME 04103MLS Number 1581921

  • Price: $1,595,000
  • 75 Days on Market
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Federal 30-year interest rate: 7.1% last updated on Apr 18, 2024
* 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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671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103671-675 Forest Avenue Portland ME 04103
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  • 0.12Acreage
  • 7,446Square Feet

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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.
Listed by Maine Real Estate Co

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Basic Information

  • Documents Available Property Disclosure Public Access, Lead Paint Addendum Members Only, Deed Public Access
  • Gross Income $167,112
  • Property Uses Commercial, Flex, Other, Retail

Building

  • BasementFull
  • Building ConstructionBrick Veneer, Brick, Masonry
  • Commercial Bldg Information Gross Income $167,112
  • Commercial Bldg Information Operating Expenses $33,452
  • Commercial Bldg Information Total Units 7
  • FoundationBlock, Concrete Perimeter
  • Units7

Amenities

  • Mls StatusActive
  • Other AmenitiesBasement, Dock, Fireplace

Photos

  • Number of Photos40

Tax Information

  • Tax Book Number 31169
  • Tax LotL002
  • Tax Map Number 129

Location

  • Address671-675 Forest Avenue
  • Building Number671-675
  • CountyCumberland
  • Latitude43.671155
  • Longitude-70.284153
  • StateME
  • StreetForest Avenue
  • TownPortland
  • Zip04103

Exterior

  • Exterior Brick, Brick Veneer
  • RoofFlat, Other

Property Information

  • Acreage0.12
  • Lot Features Near Turnpike/Interstate, Near Airport, Downtown, Business District, Near Shopping
  • Lot Size Square Feet 5,227
  • Lot Size Units Acres
  • Square Feet7,446

Parking

  • Parking Features 1 - 4 Spaces, Off Street

Basic Information

  • Agent ID020614,018616
  • Broker ID3469
  • Broker NameMaine Real Estate Co
  • List Price$1,595,000
  • LocationTypeBusiness District, Downtown, Near Airport, Near Shopping, Near Turnpike/Interstate
  • MLS Number1581921
  • Modification Date02/12/2024
  • Property SubTypeRetail

Interior

  • Flooring Vinyl, Tile, Carpet

Utilities

  • Electric Circuit Breakers
  • Gas Natural - At Street
  • Heat SystemHot Water, Baseboard
  • Heating FuelOil
  • Heating YN Yes
  • Sewer Public Sewer
  • Water Source Public

Other

  • Date Listed02/09/2024
  • View Count5
CENTURY 21 Atlantic
CENTURY 21 Atlantic
Office: 207-363-4053
433 US Route One
Suite 101
York, ME 03909

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. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

CENTURY 21 Atlantic participates in ©2024 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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