$995,000
1569 Forest Avenue, Portland, ME, 04103
Development site in the desirable Riverton neighborhood. Just under 1/2 +/- acres with over 1 acres of additional land potentially available. Currently in an R3 Zone that abuts B1 Zone. Changing this parcel to B1 is likely and this opens up all kinds of possibilities and even more with re-code. The lot is level, open and enjoys an existing curb cut and full city utilities. Traffic counts are off the charts so a first floor retail or restaurant are a no brainer. With existing B1 zoning, you can build to 45' and in the proposed zoning it jumps to 50'. Add in the potential for a 2.5X unit bonus (the result of LD2003 if you provide affordable units) and this becomes one of the most attractive sites in Greater Portland.
Status:
Active
Type:
Lot / Acreage
Zoning:
R3
Frontage:
100
Parking:
No Driveway, None
Acreage:
0.4
Est. Taxes:
$10,769
Lot Description:
Level, Open Lot, Sidewalks, Landscaped, Near Golf Course, Near Public Beach, Near Shopping, Near Town, Near Railroad
Pet Policy:
No Restrictions
MLS #:
1589197
Community Info
School Info
Walk Score
Mass Transit
Yelp
Similar Properties
New or Coming Soon Properties
Listing courtesy of Benchmark Real Estate