671-675 Forest Avenue

Portland, ME 04103

MLS ID# 1581921 Active
Retail

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$1,595,000

0.12 acres

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• Description
• Location Information
• Property Information
• Compensation & Misc Info
• Remarks
• Details

Description

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. 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, perfe... show more

Location Information

• Street # 671-675
• Street Name Forest
• Street Type Avenue
• County Cumberland
• Town Portland
• State/Province ME
• Zip Code 04103
• Leased Land No
• Book 31169
• Page 226
• Map 129
• Lot L002
• Zoning B2B
• Tax ID 671-675ForestAvePortland04103
• Association Y/N No

Property Information

• Primary Use Retail
• Surveyed No
• SqFt Finished Total 7446
• Lot Size Acres +/- 0.12

Compensation & Misc Info

• Buyer Agency 2%

Directions

Enter 671 Forest Avenue Portland ME in your GPS

Details

• Commercial Bldg Information

  Gross Income:167112, Operating Expenses:33452, Total Units:7

• Water Info

  No Water Frontage, No Water View

• Construction

  Masonry

• Property Uses

  Commercial, Flex, Other, Retail

• Basement

  Full

• Foundation Materials

  Block, Poured Concrete

• Exterior

  Brick, Brick Veneer

• Roof

  Flat, Other

• Heat System

  Baseboard, Hot Water

• Heat Fuel

  Oil

• Cooling

  None

• Floors

  Carpet, Tile, Vinyl

• Parking

  1 - 4 Spaces, Off Street

• Electric

  Circuit Breakers

• Utilities

  Utilities On

• Gas

  Natural - At Street

• Sewer

  Public Sewer

• Water

  Public