$899,000

Est. Mortgage $0/mo *

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736 Forest Avenue, Portland, ME, 04103

736 Forest Avenue, Portland, ME, 04103
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3 Full / 1 Half baths

1900

New Englander

3,540 sqft

High-visibility property in the Mixed Use Zone B-2B, located on the corner of Forest Ave & Pleasant Ave, just north of Woodford's Corner. The property offers a first-floor 829 SF commercial corner suite with approx 35,000+ cars/day traffic count - ideal for retail, office, salon/barber, and other permitted uses (see land use docs). The upper levels contain two vacant, fully renovated residential units with separate entrances: a 2BD/1BA (945 SF, projected rent $2,750/month) and a 4BD/2BA (1,766 SF, projected rent $3,9000/month). Strong rental demand and modern finishes position these units for immediate occupancy. Additional features include off-street parking for 3 vehicles, abundant street parking, and direct access to public transportation. Strategic location minutes from I-295 and downtown Portland, and within half a mile of Back Cove, Stevens Ave Deering neighborhood (Norimoto Bakery, Rambler Café, Pat's Meat Market), and Woodfords Corner amenities. A flexible investment opportunity suitable for owner-occupiers or investors seeking a mixed-use property with strong signage visibility and cash flow potential. Also listed as COMMERCIAL MLS#: 1638190

Status:

Active

Type:

Multi-family

Units:

3

Zoning:

B2b

Heating:

Direct Vent Heater

Cooling:

None

Basement:

Interior, Full, Unfinished

Parking:

1 - 4 Spaces, Paved, On Site

Acreage:

0.09

Est. Taxes:

$9,005

Construction

Aluminum Siding, Wood Frame

Utilities

Utilities On

Lot Description:

Corner Lot, Sidewalks, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Public Transit

MLS #:

1638196

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Elevate Maine Realty