1190 Forest Avenue, Portland, ME 04103 - Photo 1

1/1

$2,840,000

Sold
Closed
Commercial

1/1

Property 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 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

Full Property Details

Full Property Details for 1190 Forest Ave

General

Sold For: $2,840,000
Taxes: $32,124 (2025)
Status: Closed
Type: Commercial
Source: MREIS
MLS ID: 1611107
Added to Site: 435 day(s) ago

Business

Business Type: Bar/Tavern/Lounge, Commercial, Grocery, Hotel/Motel, O

Interior

Flooring: Wood, Tile, Laminate, Carpet

Additional Information

Equipment: Internet Access Available, Cable

Parking

Parking Features: 21 or More Spaces, Paved, Off Street

Location

County: Cumberland

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Heat Pump
Heating Type: Space Heater, Heat Pump, Forced Air, Direct Vent Heater

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Construction: Vinyl Siding, Brick, Other, Masonry
Roof: Membrane
Stories/Levels: 2
Building Size: 15126
Square Feet: 15,126
Living Area: 15,126 Sq. Ft.
Year Built: 1900
Other Struct. Feat.: Fire System, Loading Docks 1 - 4, Sprinkler - Wet

Lot Features

Lot Size (Acres): 0.47
Lot Size (Sq. Ft.): 20,473.2
Zoning: B2
Lot Description: Near Turnpike/Interstate, Business District, Bus Line, Near Shopping

Financial Considerations

Tax Amount: $32,124.4
Tax Year: 2025

Disclosures and Reports

Block: A/D
Lot Number: 007/016

Listed by Town & Shore Real Estate (207) 773-0262
Sold by F.O. Bailey Real Estate (207) 781-1111

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— 1190 Forest Ave —

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207-773-0262

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Schools

Schools serving 1190 Forest Ave

School District:Portland

Name	Grades	Distance
Gerald E Talbot Community School 1600 Forest Avenue, Portland, ME 04103	PK-5	1 mi
Lyman Moore Middle School 171 Auburn Street, Portland, ME 04103	6-8	1.3 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1190 Forest Ave

Date

Details

Price

Change

Source

2/20/2025

Sold

$2,840,000

-1.9%

MLS

12/12/2024

Listed

$2,895,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Beds
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Sq. Ft.

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1190 Forest Avenue, Portland, ME 04103 (MLS# 1611107) is a Commercial property that was sold at $2,840,000 on February 20, 2025. Want to learn more about 1190 Forest Avenue? Do you have questions about finding other Commercial real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

1190 Forest Ave Portland, ME 04103