1190 Forest Avenue, Portland, Maine 04103

$3,250,000
15,126
SqFt
List Price
$3,250,000
MLS#
1542320
Status
ACTIVE
Type
Commercial
City
Portland
County
Cumberland
Living Area
15,126
Year Built
1900

Property Description

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

Additional Information

Exterior
Brick, Vinyl Siding
Living Area
15,126
Heat Fuel
Electric, Gas Natural
Tax Year
2022
Gas
Natural - On Site
Parking
21+ Spaces, Off Street, Paved
Electric
Circuit Breakers
Location
Bus Line, Business District, Near Shopping, Near Turnpike/Interstate
Water
Public
Basement
Full, Unfinished
Full Tax Amount
27801
Heat System
Direct Vent Heater, Forced Air, Heat Pump, Space Heater
Cooling
Heat Pump
Year Built
1900
Floors
Carpet, Laminate, Tile, Wood
Acres
0.47
Roof
Membrane
Road Frontage
430
Construction
Masonry, Other
Foundation Materials
Brick/Mortar, Stone
Courtesy Of Listing Office
Town & Shore Real Estate

Mortgage Calculator

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Listing courtesy of Town & Shore Real Estate.

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