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1871 Forest Ave

8,771 SF Retail Building Portland, ME 04103 $2,458,190 CAD ($280 CAD/SF)

Executive Summary

3.42± AC of real estate conveniently located in Portland.
Zoned as B2, this site is well suited for a high-density residential redevelopment.
Two existing entrances off Forest Avenue, located directly on a bus route.
8,771± SF of existing restaurant space with 52± parking spaces on-site.
Sale Price: $1,750,000

Taxes & Operating Expenses (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Taxes $21,035 $2.40
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024)

Taxes (CAD)
Annual $21,035
Annual Per SF $2.40
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $21,035
Annual Per SF $2.40

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,771 SF
Building Class
C
Year Built
1910
Price
$2,458,190 CAD
Price Per SF
$280 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
0.06
Land Acres
3.42 AC
Zoning
B-2 - Business Community
Parking
25 Spaces (3.24 Spaces per 1,000 SF Leased)

Amenities

  • Freeway Visibility
  • Listing ID: 33584735

  • Date on Market: 2024-10-21

  • Last Updated:

  • Address: 1871 Forest Ave, Portland, ME 04103

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