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1190 Forest Avenue

Portland, ME 04103
  • $3,250,000
  • STATUS: Active
  • MLS #: 1542321
$3,250,000
  • 0
    BEDS
  • 0.47
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 15,126
    SQFT
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

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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 Commercial MLS #1542320

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Maine Real Estate Information Systems logo
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2023-01-30T23:48:07.243.
www.linscottrealestate.com/homes/132867535
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1190 Forest Avenue Portland, ME 04103

  • Price: $3,250,000
  • Status: Active
  • On Site: Days
  • MLS #: 1542321
0
Beds
0
Baths
0
½ Baths
0.47
Acres
15,126
SQFT
$215
$/SQFT
1900
Built
County:
Cumberland
Area:
Portland
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 Commercial MLS #1542320
Exterior Features

Construction MasonryOther Driveway Paved Exterior BrickVinyl Siding Foundation Materials Brick/MortarStone Parking 21+ SpacesOff StreetPaved Road Frontage Or More 430.00 Roads PavedPublic Site Level Vehicle Storage No Vehicle Storage Water Info Water Frontage No Water Info Water View No

Interior Features

Basement FullUnfinished Floors CarpetLaminateTileWood Units Number Of1 Bd Units 0 Units Number Of2 Bd Units 0 Units Number Of3 Bd Units 0 Units Number Of4 Or More Bd Units 0

Property Features

Amenities Fire SystemLaundry - HookupSprinkler Building Info Number Floors 2 Building Info Number Heating Units 6 Building Info Number Stories 2 Cooling Heat Pump Electric Circuit Breakers Equipment CableInternet Access Available Full Tax Amount Amount 27801.00 Gas Natural - On Site Heat Fuel ElectricGas Natural Heat System Direct Vent HeaterForcedHeat PumpSpace Heater Leased Land No Location Business DistrictNear Shopping Lot 007/016 Restrictions No Restrictions Seasonal No Sewer Public Sewer Sqft Finished Above Grade 15126.00 Sqft Finished Below Grade 0.00 Sqft Source Public Records Style Multi-LevelRooming HouseVictorian Surveyed Unknown Tax Year 2022 Water Public Zoning B2 Zoning Overlay Unknown

Maine Real Estate Information Systems logo Listing provided courtesy of Town & Shore Real Estate: [IDXCONTACTINFORMATION].

© 2023 Maine Real Estate Information System, Inc. All Rights Reserved.

Mortgage Calculator is provided by BoomTown.
Maine Real Estate Information Systems logo
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2023 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2023-01-30T23:48:07.243.
 
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Linscott Real Estate
22 Cottage Road
South Portland ME, 04106
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