1569 Forest Ave
Portland, ME 04103
1569 Forest Avenue, Portland · Retail Property For Sale
EXECUTIVE SUMMARY
We are pleased to offer this turnkey 1,652± SF restaurant on 1.04± acres for sale at 1569 Forest Avenue in Portland. The building is home to Riverton Station Pizza, Bar & Grill, a successful neighborhood establishment that is still currently operating with no plans to close. The business and all assets are included in the sale, and the owner will work with a buyer to sell the real estate/business with no downtime in operations. The lot size allows the property to be subdivided, which has the potential to develop over 50 units in an area with high demand for new housing. This Forest Avenue location sees 15,770± vehicles per day and offers excellent visibility and interstate access.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,400 SF
Building Class
C
Year Built
1976
Price
$1,900,000
Price Per SF
$1,357.14
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.04 AC
Zoning
B1, R3
Parking
15 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
246’ on Forest Ave
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | PTLD-000338-000000-M001001 | Improvements Assessment | $262,700 |
| Land Assessment | $511,600 | Total Assessment | $774,300 |
