1190 Forest AvenuePortland, ME 04103MLS Number 1542321

  • Price: $3,250,000
  • Est. Mortgage of $/month
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Federal 30-year interest rate: 6.58% last updated on Nov 23, 2022
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1190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 041031190 Forest Avenue Portland ME 04103
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  • 0.47Acreage
  • 15,126Square Feet
  • 1900Year Built
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
Listed by Town & Shore Real Estate

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Coldwell Banker American Heritage Real Estate
Coldwell Banker American Heritage Real Estate
Office: 207-942-6773
510 Broadway
Bangor, ME 04401

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More Info

Location Information

  • Building Number1190
  • StreetForest Avenue

Building

  • Square Feet15,126
  • Foundation MaterialsBrick/Mortar, Stone
  • BasementFull, Unfinished
  • Stories2
  • Building ConstructionMasonry, Other
  • Num Floors2
  • Num Heating Units6
  • RoofMembrane

Amenities

  • AmenitiesFire System, Laundry - Hookup, Sprinkler
  • Other AmenitiesBasement

Water Body

  • Water FrontageNo

Photos

  • Number of Photos35

Other

  • Last Img Trans Date09/07/2022
  • Modification Date09/08/2022
  • EquipmentCable, Internet Access Available
  • Lot007/016
  • Parking Spaces21+ Spaces, Off Street, Paved
  • Year Built1900
  • View Count9

Basic Information

  • StyleMulti-Level, Rooming House, Victorian
  • SeasonalNo
  • MLS Number1542321
  • Agent ID002054
  • Broker NameTown & Shore Real Estate
  • Broker ID1067
  • List Price$3,250,000
  • MLS StatusActive
  • Property SubTypeResidential Income

Property

  • Road Frontage430
  • Acreage0.47
  • Leased LandNo
  • Sq Ft SourcePublic Records
  • Vehicle StorageNo Vehicle Storage
  • Water ViewNo

Location

  • StateME
  • LocationBusiness District, Near Shopping
  • Zip04103
  • Address1190 Forest Avenue
  • CountyCumberland
  • DrivewayPaved
  • Map293
  • Road Frontage DescriptionPaved, Public
  • SiteLevel
  • TownPortland

Exterior

  • ExteriorBrick, Vinyl Siding

Utilities

  • WaterPublic
  • Heating FuelElectric, Gas Natural
  • Heat SystemDirect Vent Heater, Forced, Heat Pump, Space Heater
  • CoolingHeat Pump
  • ElectricCircuit Breakers
  • GasNatural - On Site
  • Waste Water DisposalPublic Sewer

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