671-675 Forest Avenue Portland, ME

$1,499,000
Square Footage 7,446
Acres 0.12
Photo of 671-675 Forest Avenue Portland ME 04103




Description

2 retail & 5 residential units in a prime location! Discover a unique investment opportunity at the vibrant intersection of Forest Ave, Woodford St, and Ocean Ave. This property features a strategic location with two street-level retail units, perfect for businesses seeking prime visibility, and five residential units on the second floor, providing modern living spaces with 1 to 3 bedrooms. The full unfinished basement, equipped with a loading dock, adds versatility for potential expansion, storage, or logistical convenience. Positioned at a bustling intersection, the property promises high traffic and accessibility via major thoroughfares and public transportation. Investors can capitalize on a steady rental income stream from the mix of residential and commercial spaces, while the prime location ensures long-term appreciation and demand. Explore the potential of this mixed-use gem, combining convenience, versatility, and income prospects. Schedule your private viewing and seize the opportunity to invest in this dynamic property.


Listed by Maine Real Estate Co, Sarem Al-Shawk & Bailey Pate 800-971-8860

Details

MLS 1581921
Status Active
Price $1,499,000
DOM 307 days
Type Commercial
Square Feet 7,446 sqft
Lot Size 0.12 acres

Lot & Building Features

Cooling None

Room Details

Basement Description Full

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Financing

$
20%
1%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


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