2 retail & 5 residential units in a prime location! Discover a unique investment opportunity at the vibrant intersection of Forest Ave, Woodford St, and Ocean Ave. This property features a strategic location with two street-level retail units, perfect for businesses seeking prime visibility, and five residential units on the second floor, providing modern living spaces with 1 to 3 bedrooms. The full unfinished basement, equipped with a loading dock, adds versatility for potential expansion, storage, or logistical convenience. Positioned at a bustling intersection, the property promises high traffic and accessibility via major thoroughfares and public transportation. Investors can capitalize on a steady rental income stream from the mix of residential and commercial spaces, while the prime location ensures long-term appreciation and demand. Explore the potential of this mixed-use gem, combining convenience, versatility, and income prospects. Schedule your private viewing and seize the opportunity to invest in this dynamic property.

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Basic Information

Documents Available Property Disclosure Public Access, Lead Paint Addendum Members Only, Deed Public Access
Gross Income $167,112
Property Uses Commercial, Flex, Other, Retail

Building

BasementFull
Building ConstructionBrick Veneer, Brick, Masonry
Commercial Bldg Information Gross Income $167,112
Commercial Bldg Information Operating Expenses $33,452
Commercial Bldg Information Total Units 7
FoundationBlock, Concrete Perimeter
Units7

Amenities

Mls StatusActive
Other AmenitiesBasement, Fireplace, Dock

Legal

ZoningB2B

Photos

Number of Photos40

Tax Information

Tax Book Number 31169
Tax LotL002
Tax Map Number 129

Location

Address671-675 Forest Avenue
Building Number671-675
CountyCumberland
Latitude43.671155
Longitude-70.284153
StateME
StreetForest Avenue
TownPortland
Zip04103

Exterior

Exterior Brick, Brick Veneer
RoofFlat, Other

Property Information

Acreage0.12
Lot Features Near Turnpike/Interstate, Near Airport, Downtown, Business District, Near Shopping
Lot Size Square Feet 5,227
Lot Size Units Acres
Square Feet7,446

Parking

Parking Features 1 - 4 Spaces, Off Street

Basic Information

Agent ID020614,018616
Broker ID3469
Broker NameMaine Real Estate Co
List Price$1,499,000
LocationTypeBusiness District, Downtown, Near Airport, Near Shopping, Near Turnpike/Interstate
MLS Number1581921
Modification Date08/15/2024
Property SubTypeRetail

Interior

Flooring Vinyl, Tile, Carpet

Utilities

Electric Circuit Breakers
Gas Natural - At Street
Heat SystemHot Water, Baseboard
Heating FuelOil
Heating YN Yes
Sewer Public Sewer
Water Source Public

Other

Date Listed02/09/2024
View Count29

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All Maine Homes participates in ©2024 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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