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    1569 Forest Ave Portland, ME 04103

    For Sale
    $575,000

    0.5 acre development site with commercial and residential opportunities.

    Property size:
    1,652 SF
    Lot size:
    0.50 Acres

    Property Features for 1569 Forest Ave

    General Information

    Size
    1,652 SF
    Lot size
    0.50 Acres

    Source: The Dunham Group Agent Joe Atwood

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

    Overview

    Portland Development Site For Sale

    This 0.5 acre development site is available for sale. The lot has been rezoned B-1, allowing for substantial commercial and residential development. There is potential to develop over 50 residential units. The Forest Avenue location benefits from high visibility and interstate access, with approximately 15,770 vehicles per day.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Riverton Station Pizza, ... Bar

    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
    -70.3060614
    Latitude
    43.6967978

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    FAQs

    What type of property is this?
    Land - 0.5 acre development site with commercial and residential opportunities.
    Where is this land located?
    The property is located at 1569 Forest Ave Portland, ME.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - 0. 5± acre development site.; - Potential to develop over 50 residential units.; - Recently rezoned B-1, allowing for commercial and residential development.
    (207) 773-7100
    Request Owner's contact information
    1569 Forest Ave Portland, ME 04103
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    Portland, ME 04103
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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
    1569 Forest Ave Portland, ME 04103
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