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1087 Forest Ave
Portland, ME 04103
Office Property For Sale
Executive Summary
This high-visibility ±6,084 SF office building is located on the prominent corner of Forest Avenue and Read Street, offering excellent exposure with an average daily traffic count of 22,570 vehicles per MDOT. Approximately ±4,000 SF is available for an owner-occupier, with additional income generated from an existing tenant occupying ±1,500 SF. The property is conveniently situated just 2.3 miles, or an eight-minute drive, from the Portland Peninsula and is offered for sale at a price of $1,200,000.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
6,084 SF
Building Class
C
Year Built
1982
Price
$1,200,000
Price Per SF
$197.24
Percent Leased
87%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,721 SF
Building FAR
0.56
Lot Size
0.25 AC
Zoning
B2 - Business
Parking
17 Spaces (4.94 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | PTLD-000146-000000-F007001 | Improvements Assessment | $627,400 |
| Land Assessment | $236,400 | Total Assessment | $863,800 |
Property Taxes
Parcel Number
PTLD-000146-000000-F007001
Land Assessment
$236,400
Improvements Assessment
$627,400
Total Assessment
$863,800
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