Conventional Restaurant
For Sale
$625,000
1435 Forest Avenue, Portland, ME 04103
COMMERCIAL - Portland, ME
Property Size2,910 SF
Price / SF$214.78
Days on Market237
Property Features for 1435 Forest Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
2,910 SF
Building Details
Year built
1923
Listing Agency:
South Portland, Maine · Better Homes and Gardens Real Estate
(207) 560-4683
Listed By:
Rob Trask
(207) 560-4683
Added: Dec 11, 2025
Changed: Aug 1
Last Checked: Aug 5 at 11:06PM
MLS# 1646290
Copyright © 2026 Better Homes and Gardens-The Masiello Group. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This conventional restaurant building is offered for sale and totals 2,910 square feet. The listing is categorized under conventional restaurants and restaurants, supporting a straightforward restaurant use for the right operator.
The property is located in Portland, Maine 04103, within Cumberland County. The transaction is presented as a for-sale opportunity.
As presented, this is a single restaurant-focused asset measured at 2,910 square feet, suitable for buyers looking for an operating restaurant property as listed rather than a vacant commercial shell.
The property is located in Portland, Maine 04103, within Cumberland County. The transaction is presented as a for-sale opportunity.
As presented, this is a single restaurant-focused asset measured at 2,910 square feet, suitable for buyers looking for an operating restaurant property as listed rather than a vacant commercial shell.
Key Highlights
- Built in 1923
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.4k | $18.00 |
| − Vacancy | −$8.9k | −$3.06 |
| EGI | $43.5k | $14.94 |
| − OpEx | −$10.9k | −$3.74 |
| NOI | $32.6k | $11.21 |
2,910 SF · lease $18.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$465.8K
$407.6K – $543.5K
NOI $32,607 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$799.8K
$699.8K – $933.1K
NOI $55,987 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
21k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 96%
Shops & Services 4%
McDonald's
Dining
19,926 visits/mo
0.5 miles
Hertz
Shops & Services
937 visits/mo
0.5 miles
Demographics for 04103, ME
31,185
Population
14,336
Households
2.2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
10.2 sq mi
ZIP Area
3,057
Density / Sq Mi
$90,682
Median Household Income
$48,640
Median Earnings
$1,571
Median Rent
$421,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - For sale conventional restaurant property with 2,910 square feet in Portland, ME 04103.
Where is this conventional restaurant located?
The property is located at 1435 Forest Avenue Portland, ME.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Built in 1923
