$2,895,000
1190 Forest Avenue
Portland
Listing Courtesy of
Town & Shore Real Estate
1190 Forest Avenue, Portland, ME 04103
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
Listing Courtesy of
Town & Shore Real Estate
DETAILS
- Listing Id1611107
- StatusActive Under Contract
- TypeCommercial Sale
- Map / Lot293 / 007/016
- Book / Page34993 / 004
- Waste Water DisposalPublic Sewer
- WaterPublic
- Heat SystemDirect Vent Heater, Forced Air, Heat Pump, Space Heater
- CoolingHeat Pump
- ElectricCircuit Breakers
- BasementFull, Unfinished
- RoofMembrane
- FloorsCarpet, Laminate, Tile, Wood
- GarageNo
- Lot FeaturesBus Line, Business District, Near Shopping, Near Turnpike/Interstate
- Parking Features21+ Spaces, Off Street, Paved
- Checked For UpdatesSaturday, December 21, 2024 at 10:01 AM
- IDX Listing UpdatedWednesday, December 18, 2024 at 3:29 PM
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