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    1871 Forest Ave Portland, ME 04103

    For Sale
    $1,750,000

    3.42 AC of real estate conveniently located in Portland.

    Property size:
    8,771 SF
    Lot size:
    3.43 Acres

    Property Features for 1871 Forest Ave

    General Information

    Size
    8,771 SF
    Lot size
    3.43 Acres

    Source: The Boulos Company Agent Claire Richardson

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

    Overview

    Portland Commercial Land For Sale

    This property features 3.42 acres of real estate in a convenient Portland location. Zoned B2, the site is suited for high-density residential redevelopment. It includes two existing entrances off Forest Avenue and is located directly on a bus route. The property includes an existing restaurant space of 8,771 square feet with approximately 52 parking spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Skin Care Clinic

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

    Similar Places Nearby

    Fire and Company

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3193826
    Latitude
    43.7004489

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    FAQs

    What type of property is this?
    Restaurant - 3.42 AC of real estate conveniently located in Portland.
    Where is this restaurant located?
    The property is located at 1871 Forest Ave Portland, ME.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - High-density residential redevelopment potential due to B2 zoning.; - Large 3.42± AC lot in Portland.; - Existing 8,771± SF restaurant space.
    (207) 553-1732
    Request Owner's contact information
    1871 Forest Ave 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
    1871 Forest Ave Portland, ME 04103
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