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1569 Forest Avenue, Portland 1569 Forest Ave 1,429 SF Retail Building Portland, ME 04103 $1,400,000 ($979.71/SF)
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
1,429 SF
Building Class
C
Year Built
1976
Price
$1,400,000
Price Per SF
$979.71
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.04 AC
Zoning
B1, R3 - Neighborhood Business District, which is designed to provide small-scale commercial, service, and retail establishments that serve the immediate surrounding residential areas
Parking
31 Spaces (21.7 Spaces per 1,000 SF Leased)
Frontage
246’ on Forest Ave
Amenities
- Pylon Sign
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | PTLD-000338-000000-M001001 | Improvements Assessment | $310,300 |
| Land Assessment | $668,200 | Total Assessment | $978,500 |
Property Taxes
Parcel Number
PTLD-000338-000000-M001001
Land Assessment
$668,200
Improvements Assessment
$310,300
Total Assessment
$978,500
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1569 Forest Avenue, Portland | 1569 Forest Ave
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