1190 Forest Avenue, Portland, ME 04103 (MLS # 1611104)
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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 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 Commercial MLS #1611107
| LAST UPDATED | 12/18/2024 | YEAR BUILT | 1900 |
|---|---|---|---|
| COUNTY | Cumberland | STATUS | Active Under Contract |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Heat Pump |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | Full, Interior Entry, Unfinished, Yes |
| CONSTRUCTION | Brick, Other, Vinyl Siding |
| HEAT | Forced Air, Heat Pump, Space Heater |
| LOT | 0.47 acre(s) |
| LOT DESCRIPTION | Level |
| MLS STATUS | Active Under Contract |
| PARKING | Paved, Off Street |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Multi-Level, Rooming House, Victorian |
| TAXES | 32124.4 |
| WATER | Public |
| ZONING | B2 |
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