1190 Forest Avenue

Portland, ME 04103

$2,840,000
Last Sold Price
Beds
Baths
15,126 Sq. Ft.
$188 / Sq. Ft.
15,126
Sq. Ft.
$188
per Sq. Ft.

Description

100% occupied brick 15,126 square foot mixed-use property. This historic building has undergone major renovation with new storefronts, windows, heating, plumbing, electrical, etc. The first floor is comprised of six retail storefronts currently configured for 5 tenants. Facing busy Forest Avenue and Bishop Street, property offers visibility on one of the busiest intersections in the state of Maine. The second floor is new residential, comprised of 25 rooming units and and common areas. The rear of...100% occupied brick 15,126 square foot mixed-use property. This historic building has undergone major renovation with new storefronts, windows, heating, plumbing, electrical, etc. The first floor is comprised of six retail storefronts currently configured for 5 tenants. Facing busy Forest Avenue and Bishop Street, property offers visibility on one of the busiest intersections in the state of Maine. The second floor is new residential, comprised of 25 rooming units and and common areas. The rear of the building offers parking and a loading dock. In addition, a separate .1825-acre, 20+ space parking lot is being conveyed with possible development opportunity. Current professional management is also available to the new owner if desired. Excellent financials, ideal for 1031 exchange investment. Close to many area restaurants, stores, businesses, and the University of New England. Also Listed Multifamily MLS #1611104
  1. Listed by Jeffrey Davis • Town & Shore Real Estate

Property Details for 1190 Forest Avenue

Zoning
B2
LISTING UPDATED: 02/20/2025 02:59 PM

Property Details for 1190 Forest Avenue

StatusClosed
MLS #1611107
Days on Market5
Taxes$32,124 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial / Mixed Use
Year Built1900
Lot Size0.47 AC / 20,473 SF
CountyCumberland County

Building Information for 1190 Forest Avenue

Stories2Residences29Year Built1900Lot Size0.47 AC / 20,473 SF

Property Information for 1190 Forest Avenue

Summary
Location and General Information
  • Zip Code: 3329
  • Directions: Property is located at Morrill's Corner, at the intersection of Forest Ave, Stevens Ave and Bishop Street
  • Town: Portland
  • State/Province: ME
  • Zip Code: 04103
  • County: Cumberland
  • Geo Latitude: 43.687833
  • Geo Longitude: -70.293695
  • Tax Lot: 007/016
  • Location:Bus Line: Yes
  • Location:Business District: Yes
  • Location:Near Shopping: Yes
  • Location:Near Turnpike/Interstate: Yes
Parking
  • Parking Features: 21+ Spaces, Paved, Off Street
Taxes and HOA Information
  • Tax Book Number: 34993
  • Tax Block: A/D
  • Tax Map Number: 293
  • Tax Year: 2025
  • Parcel Number: PTLD-000293-A000007-000001
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $32,124.40
Virtual Tour
Property
Lot Information
  • Lot Size Acres: 0.47
  • Building Area Total: 15126.0
  • Lot Size Area: 0.47
  • Lot Size Units: Acres
  • Lot Size Square Feet: 20473.2
  • Street Number: 1190
  • Property Information:Surveyed: Unknown
  • Property Information:Deed/Conveyance Type Offered: Quit Claim w/Covenant
  • Property Information:Deed: All
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Property Information:Year Renovated +/-: 2,021.00
  • Property Information:Total # Floors: 2.00
Property and Assessments
  • Leased Land: No
  • Property Type: Commercial
  • Property Type Label: Commercial
  • Property Sub-Type: Mixed Use
  • Year Built: 1900
Utilities
  • Electric: True
  • Sewer: Public Sewer
  • Water Source: Public
  • Other Equipment: Internet Access Available, Cable
  • Utilities:Utilities On: Yes
  • Gas:Natural - On Site: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Brick, Other, Masonry
  • Roof: Membrane
Interior Features
  • Basement: Full, Unfinished
  • Flooring: Wood, Tile, Laminate, Carpet
  • Cooling: Heat Pump
  • Heating: Space Heater, Heat Pump, Forced Air, Direct Vent Heater
  • Foundation Details: Stone, Brick/Mortar
  • # Floors: 2
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): .00
  • Bathrooms Total (Notational): .00
  • Cooling YN: Yes
  • Heating YN: Yes
Multi Family
Multi-Family Information
  • Number of Units: 29

Property History for 1190 Forest Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1190 Forest Avenue

Taxable ValueLand$259,900Additions$1,614,000Total$1,873,900
Tax Record2024$28,127 ($2,344 / month)
Home Facts
Total Finished SqFt22,689 SqFtAbove Grade Finished SqFt22,689 SqFtLot Size12,846 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyCUMBERLANDAPNPTLD M:293 B:A007001

Schools near 1190 Forest Avenue

This home is within Portland Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Gerald E Talbot Community School
PublicPK to 5

Lyman Moore Middle School
Public6 to 8

Casco Bay High School
Public9 to 12

Deering High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Town & Shore Real Estate

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.