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$1,095,000 Just Listed
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Property Description
Rare opportunity to acquire a four-way lighted corner lot with two entrance points on heavily travelled (20K+ AADT) Forest Avenue. It's been a gas station since 1942 and has been operating as Welch Service Station since the early 1970s. It's a local landmark and the last vestige of Portland's original 'Auto Mile' on Forest Avenue dating back to 1910. Highest and best adaptive reuses are modern cafes (e.g. coffee, smoothie and acai bowl), offices, or retail boutiques. It's a candidate for historical tax credits (up to 45%) given its age and architectural significance.
Full Property Details
Full Property Details for 484 Forest Ave
General
- Price: $1,095,000
- Taxes: $5,416 (2024)
- Status: Active
- Type: Retail
- Source: MREIS
- MLS ID: 1673964
- Updated: 7/29/2026
- Added to Site: 2 day(s) ago
Business
- Business Type: Freestanding Building, Retail, Gas Station, Special P
Interior
- Flooring: Concrete
Parking
- Parking Features: 11 - 20 Spaces, On-Site Parking, Paved
Location
- County: Cumberland
Heating & Cooling
- Cooling Type: None
- Heating Type: Gas Natural, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry, Brick
- Basement: Yes
- Basement Desc.: None, Slab
- Roof: Flat, Membrane
- Stories/Levels: 1
- Square Feet: 1,064
- Year Built: 1942
- Other Struct. Feat.: Overhead Doors
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,969.6
- Zoning: B2b
- Lot Description: Bus Line, Business District, Near Turnpike/Interstate
Financial Considerations
- Tax Amount: $5,416
- Tax Year: 2024
Disclosures and Reports
- Block: E
- Lot Number: 3
Listed by EXP Realty (888) 439-8743
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Schools
Schools serving 484 Forest Ave
School District:Portland
| Name | Grades | Distance |
|---|---|---|
Ocean Avenue 150 Ocean Avenue, Portland, ME 04103 | K-5 | 0.8 mi |
Howard C Reiche Community School 166 Brackett Street, Portland, ME 04102 | K-5 | 1.3 mi |
Deering High School 370 Stevens Avenue, Portland, ME 04103 | 9-12 | 1 mi |
Casco Bay High School 196 Allen Avenue, Portland, ME 04103 | 9-12 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 484 Forest Ave
Date
Details
Price
Change
Source
7/29/2026
Listed
$1,095,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 484 Forest Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,434
—
$453,600
26%
2024
$5,416
4%
$360,800
—
2023
$5,199
6%
$360,800
—
2022
$4,910
5%
$360,800
—
2021
$4,687
-13%
$360,800
56%
2020
$5,408
—
$232,000
—
2019
$5,408
4%
$232,000
—
2018
$5,215
4%
$232,000
—
2017
$5,023
3%
$232,000
—
2016
$4,898
2%
$232,000
—
2015
$4,786
3%
$232,000
—
2014
$4,640
3%
$232,000
—
2013
$4,503
—
$232,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 484 Forest Ave
484 Forest Avenue, Portland, ME 04101 (MLS# 1673964) is a Retail property. 484 Forest Avenue is currently listed for $1,095,000 and was received on July 29, 2026. Want to learn more about 484 Forest Avenue? Do you have questions about finding other Retail real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

