Apartment Building with Parking
1844 Forest Avenue Portland, ME 04103
For Sale
$950,000
Apartment building on month-to-month leases with a 39-space parking lot and B2 zoning for additional residential units.
Days on Market1209
Property Features for 1844 Forest Avenue
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1917
Listing Agency:
Verrill Real Estate, Inc
(207) 756-0649
Listed By:
Philip Verrill
(207) 756-0649
Source:
Startpoint
Added: Apr 8, 2023
Changed: Jul 28
Last Checked: Jul 28 at 6:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Verrill Real Estate, Inc
Investment Insights
Based on property information with market context.
This property at 1844 Forest Avenue in Portland, ME is an apartment building positioned for redevelopment and residential expansion. The building has been leased on a month-to-month basis, and prior plans contemplated converting the existing structure into 17 apartments, which could possibly be resubmitted. Zoning is listed as B2, with allowances for 32 to 73 residential units.
The site is described as conveniently located near the intersection of Riverside Rd and Rt 302 and close to 95.
A large parking lot with 39 spaces is available on site. The seller indicates owner financing may be considered at a residential rate depending on the offer; contact the broker for details.
The site is described as conveniently located near the intersection of Riverside Rd and Rt 302 and close to 95.
A large parking lot with 39 spaces is available on site. The seller indicates owner financing may be considered at a residential rate depending on the offer; contact the broker for details.
Key Highlights
- 1917‑built commercial apartment building currently leased on month‑to‑month terms.
- Large 39‑space parking lot included.
- B2 zoning permits 32 to 73 residential units.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building on month-to-month leases with a 39-space parking lot and B2 zoning for additional residential units.
Where is this apartment building located?
The property is located at 1844 Forest Avenue Portland, ME.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1917‑built commercial apartment building currently leased on month‑to‑month terms.; Large 39‑space parking lot included.; B2 zoning permits 32 to 73 residential units.
