High Visibility Property for Sale/Lease

Retail-Commercial for Lease
Catylist Listing ID: 30206464
Property Subtypes: Mixed Use
Contiguous Space: 4,275 SF
Building Size (RSF): 6,440 SF
Gross Land Area: 0.19 Acres
Lease Rate: $4,000 (Monthly)
$11.23 PSF (Annual)
Lease Types: Modified Gross
Last Updated: 1/16/2019

Overview / Comments

This is a great opportunity to purchase an investment property on busy Forest Ave in Portland, Maine. This 6440+/- square foot building is currently home to a hair salon and a tax service office, both of whom have been tenants for a number of years. The third space, a former restaurant, is currently vacant. The property is in a high traffic count area of Forest Ave and has ample parking available. This is a perfect opportunity to invest in a growing area of Portland.

Attachments & Media

Expand All Available Space

Suite: 1 4,275 SF $4,000 (Monthly) Modified Gross
Level/Floor: 1
Space Available: 4,275 SF
Lease Rate: $4,000 (Monthly)
$11.23 PSF (Annual)
Lease Type: Modified Gross
Space Description: 4,275+/- SF space available in a busy part of Forest Ave in Portland, Maine. The space is currently a restaurant and would be a great option for someone wanting to open a new food establishment in the area. The site has ample parking and is located in a growing part of town.
Space Subcategory: Mixed Use
Date Available: 2/2/2018
Space Type: Relet
Kitchen Yes
Parking Spaces 20
Tax Expenses $10,227 PSF (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 129/5/1
Zoning: B2
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: Forest Ave
Feet of Frontage: 120
Traffic/Vehicle Count: 11,940
Area Description: This property is located on Forest Ave just north of the Woodford Street intersection.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1938
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: Private Off Street Parking available
Heat Type: Electricity
Heat Source: Baseboard
Air Conditioning: Package Unit
Zoning Description: Community Business
Lot Frontage: 120
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,686 84,304 127,027
Median Age: 37.33 37.49 39.3
Households: 8,874 38,978 56,546


Photograph of Listing Agent

Craig S. Church

KW Commercial - a div. of Keller Williams Realty
The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.