Renovated Retail/Office Space
For Lease
$12 SF/Yr NNN
503-509 Forest Avenue, Portland, ME 04101
Up to 6,313 square feet of contiguous space for lease.
Space Size4,000 SF
Property Size73,750 SF
Days on Market155
Property Features for 503-509 Forest Avenue
General Information
Standard status
Active
Size
4,000 SF
Class
B
Property subtype
Office
Lease Term
NNN
Building Details
Building Size
73,750 SF
Spaces For Lease
at 503-509 Forest Avenue Contact us- Size
- 4,000 SF
- Term
- Negotiable
Unit 2 $12/SF/Yr
Listing Agency:
The Boulos Company Portland
(207) 829-8305
Listed By:
John Finegan
(207) 829-8305
Source:
Boulos
Added: Mar 26
Changed: Aug 26
Last Checked: Aug 25 at 9:52AM
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 Portland
Investment Insights
Based on property information with market context.
The property offers up to 6,313 contiguous square feet of space available for lease. The landlord is willing to subdivide the space to accommodate smaller tenants. The vacant space can be configured in multiple ways. The building's facade has been renovated to meet historic standards, featuring floor-to-ceiling windows. Glazing signage, blade signs, or signs on posts are acceptable, subject to municipal ordinances. The upper floors of the building have been recently converted into 38 residential apartments. An on-site parking garage is available, along with street parking. Traffic counts reach 22,180 cars per day, according to MDOT. The lease rate is $15.00 per square foot on a NNN basis.
Key Highlights
- Newly converted residential apartments on upper floors.
- Up to 6,313± contiguous square feet available, with options for subdivision.
- Renovated facade with floor‑to‑ceiling windows, adhering to historic standards.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Up to 6,313 square feet of contiguous space for lease.
Where is this retail space located?
The property is located at 503-509 Forest Avenue Portland, ME.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Newly converted residential apartments on upper floors.; Up to 6,313± contiguous square feet available, with options for subdivision.; Renovated facade with floor‑to‑ceiling windows, adhering to historic standards.
