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777 Forest Ave
Portland, ME 04103
Retail Property For Sale
Investment Highlights
- Mixed-use
- Retail Tenant Income
- Value-Add Potential
- Forest Ave Visibility
- Prime Portland Location
Executive Summary
Mixed-use property located along the high-visibility Forest Ave corridor in Portland. The building includes a ground-level retail space with an established tenant and a spacious, renovated two-level 5-bedroom residential unit.
Property offers strong income potential with both commercial and residential components, along with off-street parking. Building features natural gas heating, updated hot water heater, and a commercial-grade fire alarm and sprinkler system.
Ideal for investors or owner-users seeking a live/work opportunity in a prime location. Opportunity to increase income through full apartment rental or optimized use.
Property offers strong income potential with both commercial and residential components, along with off-street parking. Building features natural gas heating, updated hot water heater, and a commercial-grade fire alarm and sprinkler system.
Ideal for investors or owner-users seeking a live/work opportunity in a prime location. Opportunity to increase income through full apartment rental or optimized use.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,632 SF
Building Class
C
Year Built
1930
Price
$875,000
Price Per SF
$332.45
Percent Leased
26%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
8’
Building FAR
0.42
Lot Size
0.15 AC
Zoning
B2 - Neighborhood Business
Parking
10 Spaces (3.8 Spaces per 1,000 SF Leased)
Frontage
59’ on Forest Ave
Property Taxes
| Parcel Number | PTLD-000137-000000-C017001 | Improvements Assessment | $415,600 |
| Land Assessment | $244,700 | Total Assessment | $660,300 |
Property Taxes
Parcel Number
PTLD-000137-000000-C017001
Land Assessment
$244,700
Improvements Assessment
$415,600
Total Assessment
$660,300
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