For Sale
$1,750,000

1871 Forest AvePortland, ME 04103

Prime Portland location, redevelopment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 3.42-acre property at 1871 Forest Ave, Portland, ME 04103, presents a unique investment opportunity. Currently zoned B2, it offers significant potential for high-density residential redevelopment. The site boasts an existing 8,771 square foot building, formerly a restaurant, constructed in 1910 and featuring three stories. The property includes 52 on-site parking spaces, a significant advantage for any future development. Two convenient entrances directly off Forest Avenue, situated on a public bus route, ensure excellent accessibility. The asking price for this mixed-use property is $1,750,000. The property's APN is Map 327A / Block A / Lot 4, Cumberland County. This prime location in Portland, Maine offers a rare chance to capitalize on the city's thriving real estate market. The existing structure, while currently vacant, provides a solid foundation for a variety of redevelopment projects, from residential conversions to new construction. The ample parking and convenient location make this an attractive proposition for developers seeking a high-impact project. Don't miss this chance to acquire a substantial piece of Portland real estate with significant upside potential.

Highlights

  • B2 zoning ideal for high-density residential development.
  • Two Forest Avenue entrances, convenient bus access.
  • 8,771± SF existing restaurant building, 52± parking spaces.
  • $1,750,000 sale price.

Property Details for 1871 Forest Ave

Property type
Retail properties, Restaurants
Square Feet
8,771 SF
Year Built
1910
Buildings
1
Stories
3
Lot Size (sq. ft)
148,975 SF

Location Insight

City
Portland
County
Cumberland
State
Maine
Latitude
43.700024663567
Longitude
-70.319552770331
1871 Forest Ave, Portland, Maine

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1871 Forest Ave
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