Gas Station on Four-Way Corner
For Sale
$1,095,000
484 Forest Avenue, Portland, ME 04101
COMMERCIAL - Portland, ME
Property Size1,064 SF
Lot Size0.16 Acres
Price / SF$1,029
Days on Market27
Property Features for 484 Forest Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
B2b
Lot features
Near Turnpike/ Interstate, Business District, Bus Line
Standard status
Active
Size
1,064 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5416
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1942
Flooring type
Concrete
Building materials
Masonry, Brick
Roof type
Flat, Membrane
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Michael Rogers · License #BR900937
(207) 318-9984
Added: Jul 29
Changed: Aug 4
Last Checked: Aug 24 at 6:06PM
MLS# 1673964
Copyright © 2026 Maine Listings. 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 gas station property is situated on a lighted four-way corner lot with two entrance points on Forest Avenue. The site has operated as a gas station since 1942 and has operated as Welch Service Station since the early 1970s. The existing improvements include masonry brick construction and concrete flooring, with natural gas forced air heating. The roof is flat with a membrane system.
Public utilities are available, including public water and public sewer. The property’s corner location places it on a heavily traveled corridor with traffic reported at 20K+ AADT on Forest Avenue.
Zoning is B2b. The property’s age has been identified as a candidate for historical tax credits of up to 45%, and the highest-and-best adaptive reuse concepts described include modern cafes (coffee, smoothie, and acai bowl), offices, and retail boutiques.
Public utilities are available, including public water and public sewer. The property’s corner location places it on a heavily traveled corridor with traffic reported at 20K+ AADT on Forest Avenue.
Zoning is B2b. The property’s age has been identified as a candidate for historical tax credits of up to 45%, and the highest-and-best adaptive reuse concepts described include modern cafes (coffee, smoothie, and acai bowl), offices, and retail boutiques.
Key Highlights
- Lighted four‑way corner lot with two entrance points
- 20K+ AADT exposure on Forest Avenue
- Gas station operation dating to 1942; Welch Service Station since early 1970s
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,101
Businesses Nearby
41k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 50%
Burger King
Dining
19,211 visits/mo
0.1 miles
Artist & Craftsman Supply
Shops & Services
5,242 visits/mo
0.4 miles
Gulf Oil
Shops & Services
5,106 visits/mo
0.4 miles
Mobil
Shops & Services
4,636 visits/mo
0.1 miles
TD Bank
Shops & Services
3,771 visits/mo
0.1 miles
Demographics for 04101, ME
18,109
Population
11,510
Households
1.6
Avg Household Size
36
Median Age
57%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
9,055
Density / Sq Mi
$60,726
Median Household Income
$45,009
Median Earnings
$1,457
Median Rent
$600,600
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?
Gas station - B2b zoned gas station on a lighted four-way corner lot with two entrance points on Forest Avenue.
Where is this gas station located?
The property is located at 484 Forest Avenue Portland, ME.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Lighted four‑way corner lot with two entrance points; 20K+ AADT exposure on Forest Avenue; Gas station operation dating to 1942; Welch Service Station since early 1970s
