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    7 Forest Ave Portland, ME 04101

    For Sale
    $1,290,000

    SINGLE_FAMILY - Portland, ME

    Type:Office
    Property size:
    5,102 SF
    Lot size:
    0.04 Acres
    Days on Market:
    74
    Last Refresh:
    Dec 5 at 11:06 am

    Property Features for 7 Forest Ave

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    Zoning
    B3C
    Rooms
    Basement
    Parking features
    Offsite
    Basement
    Full
    Accessibility
    Accessible Approach with Ramp
    Size
    5,102 SF
    Lot size
    0.04 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Zoned, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1900
    Number of units
    10
    Flooring type
    Carpet, Vinyl, Laminate, Tile, Composition, Wood
    Building materials
    Brick, Masonry
    Roof type
    Flat, Membrane

    Spectrum Real Estate LLC (207) 233-6699 [email protected]

    Listing agent Anthony Donovan (207) 805-3707

    Listing date Sep 23, 2025

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Portland Freestanding Office Building

    This freestanding 5,000 SF building, plus a full 2,000 SF basement, presents a prime opportunity for an owner-user or investor in downtown Portland, Maine. Centrally located, the property offers convenience and prestige. The building is easily divisible, making it suitable for multiple tenants or a growing business needing to lease additional space. Its downtown location provides easy access to local amenities, transportation, and a vibrant business community. As a standalone structure, this building offers visibility and privacy. The property's zoning allows for residential use, and the seller will provide renovation plans for residential conversion. Nearby parking is available. The lot size is 0.04 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Law Firm Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.262592
    Latitude
    43.6554676

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    FAQs

    What type of property is this?
    Office building - 5,000 SF downtown Portland building, ideal for owner or investment.
    Where is this office building located?
    The property is located at 7 Forest Ave Portland, ME.
    What is the asking price?
    The asking price for this property is $1,290,000.
    What are key features of this property?
    This property features: - Prime downtown Portland location offers convenience, prestige, and access to amenities and transportation.; - Freestanding **5,000 SF building (plus 2,000 SF basement)** provides visibility and a unique identity.; - Versatile and easily divisible space is ideal for owner-users or investment with multiple tenants.
    (207) 805-3707
    Request Owner's contact information
    7 Forest Ave Portland, ME 04101
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    Portland, ME 04101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7 Forest Ave Portland, ME 04101
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