1569 Forest AvenuePortland, ME 04103MLS Number 1589197

  • Price: $995,000
  • Est. Mortgage of $/month
  • 35 Days on Market
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Federal 30-year interest rate: 6.95% last updated on Jun 13, 2024
* All 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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1569 Forest Avenue Portland ME 041031569 Forest Avenue Portland ME 041031569 Forest Avenue Portland ME 041031569 Forest Avenue Portland ME 041031569 Forest Avenue Portland ME 04103
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  • 0.4Acreage
Development site in the desirable Riverton neighborhood. Just under 1/2 +/- acres with over 1 acres of additional land potentially available. Currently in an R3 Zone that abuts B1 Zone. Changing this parcel to B1 is likely and this opens up all kinds of possibilities and even more with re-code. The lot is level, open and enjoys an existing curb cut and full city utilities. Traffic counts are off the charts so a first floor retail or restaurant are a no brainer. With existing B1 zoning, you can build to 45' and in the proposed zoning it jumps to 50'. Add in the potential for a 2.5X unit bonus (the result of LD2003 if you provide affordable units) and this becomes one of the most attractive sites in Greater Portland.
Listed by Benchmark Real Estate

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Tax Information

  • Tax Book Number 35283
  • Tax Lot1-4
  • Tax Map Number 338
  • Tax Year 2023
  • Taxes$10,769

Property

  • Lot Size SourcePublic Records
  • Road FrontagePaved, Public

Utilities

  • Electric On Site
  • Sewer Public Sewer
  • Water Source Public

Amenities

  • Mls StatusActive
  • Other AmenitiesBeachfront, Fireplace

Other

  • Date Listed05/10/2024
  • Recreational Water Nearby, Public
  • View Count9

Parking

  • Parking Features No Driveway

Location

  • Address1569 Forest Avenue
  • Building Number1569
  • CountyCumberland
  • Latitude43.696663
  • Longitude-70.305719
  • StateME
  • StreetForest Avenue
  • TownPortland
  • Transportation Major Road Access, Near Airport, Public Transport Access
  • Zip04103

Photos

  • Number of Photos5

Basic Information

  • Agent ID008182
  • Broker ID3059
  • Broker NameBenchmark Real Estate
  • List Price$995,000
  • LocationTypeNear Country Club, Near Golf Course, Near Public Beach, Near Railroad, Near Shopping, Near Town
  • MLS Number1589197
  • Modification Date05/13/2024
  • Property TypeLand

Property Information

  • Acreage0.4
  • Lot Features
    • Landscaped
    • Level
    • Near Golf Course
    • Near Public Beach
    • Near Railroad
    • Near Shopping
    • Near Town
    • Open Lot
    • Sidewalks
  • Lot Size Square Feet 17,424
  • Lot Size Units Acres
  • Site Level, Open, Sidewalks, Well Landscaped

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

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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