Street-Level Retail
501 Forest Ave, Portland, ME 04101
For Lease
New
$12 SF/Yr
The space has central gas-fired HVAC, municipal water and sewer, and access to multiple parking options.
Space Size9,086 SF
Property Size26,400 SF
Days on Market3
Property Features for 501 Forest Ave
General Information
Standard status
Size
Net Rentable
Total Parking Spaces
Property subtype
Zoning
Lease Term
Space & Availability
Available Space
Contiguous Space
Floor
Space Use
Site & Location
Traffic Count
Highway Access
Utilities to Site
Amenities
gas-fired central HVAC
Building Details
Building Size
Year Built
Spaces For Lease
at 501 Forest Ave
Retail / Office Space
$12/SF/Yr
Size
9,086 SF
Type
Retail / Office
Term
Negotiable
Listing Agency:
The Boulos Company
Listed By:
John Finegan
(207) 829-8305
Source:
Boulos
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 10 at 5:29AM
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 The Boulos Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,086± SF retail space occupies the street level of a building constructed in 1927. The property is zoned B2b - Business Community and has gas-fired central HVAC, municipal water, and municipal sewer. Parking options include a 72-car underground garage, along with street and surface-level spaces; garage parking is available at market rates.
The property is on Forest Avenue in Portland, near Back Cove and Woodford's Corner, with access to Interstate 295. Forest Avenue carries a reported traffic count of 22,180 vehicles per day.
The property is on Forest Avenue in Portland, near Back Cove and Woodford's Corner, with access to Interstate 295. Forest Avenue carries a reported traffic count of 22,180 vehicles per day.
Key Highlights
- 9,086± SF of street‑level retail space
- B2b - Business Community zoning
- Constructed in 1927
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
22,180 VPD
Traffic count
Yes
Highway access
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,101
Businesses Nearby
Explore this area
Business Placement
Demographics for 04101, ME
18,109
Population
11,510
Households
1.6
Avg Household Size
36
Median Age
57%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
9,055
Density / Sq Mi
$60,726
Median Household Income
$45,009
Median Earnings
$1,457
Median Rent
$600,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Portland, ME
$28.57 /SF/Yr
Avg Asking Price
$12–$45 /SF/Yr
Price Range
5,183 SF
Avg Space Size
This space is priced 58% below the average of $28.57 /SF/Yr.
Properties on Market for Retail space in Portland
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The space has central gas-fired HVAC, municipal water and sewer, and access to multiple parking options.
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 $12 SF/Yr.
What are key features of this property?
This property features: 9,086± SF of street‑level retail space; B2b - Business Community zoning; Constructed in 1927
