1844 Forest Avenue, Portland, ME 04103 - Photo 1

1/1

$950,000

Sold
Closed
Commercial

1/1

Property Description

OWNER FINANCING at RESIDENTIAL RATE. Commercial property with development opportunity. Conveniently located by intersection of Riverside Rd and Rt 302 and close to 95. B2 zoning allows for 32 to 73 residential units. There were plans to convert current building into 17 apartments and could possibly be resubmitted. Large parking lot with 39 spaces. Building is currently leased on a month-to-month basis. Seller may entertain owner financing depending on offer, contact broker for details.

Full Property Details

Full Property Details for 1844 Forest Ave

General

Sold For: $950,000
Taxes: $10,778 (2022)
Status: Closed
Type: Commercial
Source: MREIS
MLS ID: 1555737
Added to Site: 1, 018 day(s) ago

Parking

Parking Features: 21 or More Spaces, Paved

Location

County: Cumberland

Heating & Cooling

Heating Type: Heat Pump, Hot Water, Zoned, Electric, Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Detached/Attached: Detached
Construction: Vinyl Siding
Basement Desc.: Finished, Full
Roof: Shingle
Building Size: 6930
Square Feet: 6,930
Year Built: 1917

Lot Features

Lot Size (Acres): 0.74
Lot Size (Sq. Ft.): 32,234.4
Potential Use: Other
Zoning: B2
Lot Description: Near Shopping

Financial Considerations

Tax Amount: $10,778
Tax Year: 2022

Disclosures and Reports

Documents Avail.: Deed Public Access, Property Disclosure Public Access
Block: B
Lot Number: 4-5

Listed by Verrill Real Estate, Inc (207) 756-0649
EXP Realty (888) 439-8743

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Listing agents

— 1844 Forest Ave —

Verrill Real Estate, Inc

207-756-0649
Verrill Real Estate, Inc

207-756-0649

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Schools

Schools serving 1844 Forest Ave

School District:Portland

Name	Grades	Distance
Gerald E Talbot Community School 1600 Forest Avenue, Portland, ME 04103	PK-5	0.5 mi
Lincoln Middle School, Portland, ME 522 Stevens Avenue, Portland, ME 04103	6-8	2 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 1844 Forest Ave

Date

Details

Price

Change

Source

8/07/2023

Sold

$950,000

—

MLS

4/09/2023

Listed

$950,000

—

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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Just Listed

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Total Bath
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Just Listed

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Updated 5 days ago

5
Beds
2
Total Baths
2,417
Sq. Ft.

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Price Reduced

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$699,000

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Updated 1 day ago

3
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2
Total Baths
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3
Beds
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Total Baths
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Sq. Ft.

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Price Reduced

-$10,000 (-2%)

$489,900

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Single Family
Active
Updated 8 hours ago

3
Beds
2
Total Baths
1,104
Sq. Ft.

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Price Reduced

-$200,000 (-16.67%)

$1,000,000

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Lots/Land
Active
Updated 4 days ago

0.41
Acres

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Sold

$825,000

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Single Family
Closed
Updated 4 days ago

4
Beds
2
Total Baths
1,938
Sq. Ft.

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Sold by Real Broker

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Sold

$890,000

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Single Family
Closed

4
Beds
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Total Baths
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Sold

$1,075,000

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Single Family
Closed

6
Beds
8
Total Baths
7,215
Sq. Ft.

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Sold

$989,000

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Single Family
Closed

3
Beds
4
Total Baths
2,627
Sq. Ft.

Listed by Legacy Properties Sotheby's International Realty
Sold by F.O. Bailey Real Estate

1844 Forest Avenue, Portland, ME 04103 (MLS# 1555737) is a Commercial property that was sold at $950,000 on August 07, 2023. Want to learn more about 1844 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.

1844 Forest Ave Portland, ME 04103