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0 Baths
15,126 sqft

$2,840,000

1190 Forest Avenue, Portland ME, 04103

Built in1900
Property size15,126 sqft
Property typeCommercial
Courtesy of Town & Shore Real Estate

Overview

Closed

Listed Dec 12, 2024

Updated Jun 9

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

Additional information

MLS® ID
1611107

Interior Features

Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.47 Acres

Other Property Details

Taxes
$32,124
Tax Frequency
Annually
MLS provider logo

Listing Contact: 207-233-9423

Bought with F.O. Bailey Real Estate and Listed by Jeffrey Davis with Town & Shore Real Estate 207-233-9423

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