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    501 Forest Ave Portland, ME 04101

    For Lease
    $15 SF/Yr ($7,891 /Mo)

    Retail space with renovated facade and on-site parking.

    Property size:
    6,313 SF
    Lot size:
    0.45 Acres

    Property Features for 501 Forest Ave

    General Information

    Size
    6,313 SF
    Lot size
    0.45 Acres

    Source: The Boulos Company Agent John Finegan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Retail Space Available

    This retail space offers up to 6,313 contiguous square feet. The landlord is willing to subdivide the space for smaller tenants, and the vacant space can be configured in multiple ways. The building's facade has been renovated to historic standards, featuring floor-to-ceiling windows. Glazing signage, blade signs, or signs on posts are acceptable, subject to municipal ordinances for historic compliance. An on-site parking garage is available, along with street parking. Traffic counts reach 22,180 cars per day. The upper floors of the building have been recently converted into 38 residential apartments. The lease rate is $15.00 per square foot on a NNN basis.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Boundless MEdia Video Production Service Language Access Providers Translation Service Gateway Community Services ... Non-Profit Organization Jennifer Valliere Social Worker

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2783892
    Latitude
    43.6676544

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    FAQs

    What type of property is this?
    Retail space - Retail space with renovated facade and on-site parking.
    Where is this retail space located?
    The property is located at 501 Forest Ave Portland, ME.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Newly renovated apartments in a historically significant building.; - Flexible space options with potential for subdivision.; - On-site parking garage plus street parking.
    (207) 829-8305
    Request Owner's contact information
    501 Forest Ave 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
    501 Forest Ave Portland, ME 04101
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