For Sale
$2,495,000

1569 Forest AvePortland, ME 04103

1+ Acre, B-1 Zoned, Development Ready

Overview

Added:
Feb 3
Days on market:
60
This exceptional 1.652 square foot mixed-use property, located at 1569 Forest Avenue in Portland, Maine, presents a truly unique investment opportunity. Situated on a level, 1.04-acre corner lot, this site boasts unparalleled accessibility and visibility. Recently rezoned to B-1, the property is now primed for a wide range of development possibilities, including restaurant, retail, and residential uses. Its strategic location offers significant advantages: multiple curb cuts for convenient access, proximity to public transportation via a nearby bus line, and walkability to schools, parks, and local shops. The expansive, open lot provides ample space for ambitious projects. While the adjacent Riverton Station is not included in the sale, its inclusion is negotiable, offering potential for synergistic development. This property represents a rare chance to acquire a highly desirable, versatile site in a thriving Portland neighborhood. The asking price is $2,495,000. This is a remarkable opportunity for developers seeking a prime location with significant upside potential. The property's zoning and location combine to create a compelling investment prospect in a dynamic and growing market.

Property Details for 1569 Forest Ave

Property type
Mixed-use properties
Square Feet
1,652 SF
Year Built
1967
Lot Size (sq. ft)
45,302 SF

Location Insight

City
Portland
County
Cumberland
State
Maine
Latitude
43.69678
Longitude
-70.30606
1569 Forest Ave, Portland, Maine

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1569 Forest Ave
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