Portland, ME 04103 1190 Forest Avenue
$2,895,000
30 more
Presented By: Town & Shore Real Estate;
SQFT • 15,126
Home Details
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
Presented By: Town & Shore Real Estate;
Interior Features for 1190 Forest Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
BasementFull, Unfinished
Basement (Y/N)No
FlooringWood, Tile, Laminate, Carpet
Heating Y/NYes
General for 1190 Forest Avenue
Additional Parcels Y/NNo
Building FeaturesFire System, Loading Docks 1 - 4, Sprinkler - Wet
Business TypeBar/Tavern/Lounge, Commercial, Grocery, Hotel/Motel, Office Building, Retail, Restaurant, Convenience Store
Carport Y/NNo
CityPortland
Construction MaterialsVinyl Siding, Brick, Other, Masonry
CoolingHeat Pump
CountyCumberland
ElectricCircuit Breakers
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HeatingSpace Heater, Heat Pump, Forced Air, Direct Vent Heater
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet20473.2
Lot Size UnitsAcres
MobileHomeRemainsYNNo
New ConstructionNo
NumberOfUnitsTotal29
Property SubtypeMixed Use
Property TypeCommercial Sale
Rent Control Y/NNo
RoofMembrane
Senior CommunityNone
SewerPublic Sewer
Standard StatusActive Under Contract
StatusActive Under Contract
Stories2
Tax Annual Amount32124.4
Tax Lot007/016
Tax Year2025
Virtual TourClick here
Waterfront Y/NNo
Year Built1900
ZoningB2
Exterior for 1190 Forest Avenue
Building Area Total15126.0
Crops Included Y/NNo
Foundation DetailsStone, Brick/Mortar
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesNear Turnpike/Interstate, Business District, Bus Line, Near Shopping
Lot Size Acres0.47
Lot Size Area0.47
Open Parking Y/NNo
Other EquipmentInternet Access Available, Cable
Parking Features21+ Spaces, Paved, Off Street
Water SourcePublic
Additional Details
Price History
Linda Dupuis
Broker