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    295 Forest Ave Portland, ME 04101

    For Lease
    Contact for pricing

    High-traffic retail space, ideal ATM location.

    Lot size:
    92,122 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 91-square-foot retail space perfectly suited for an ATM installation. Located at 295 Forest Ave in Portland, Maine (zip code 04101), this single-tenant space is situated within a larger Class B building totaling 92,122 square feet. The property boasts a highly desirable B2 - Community Business zoning designation, ensuring flexibility and potential for future expansion. The address falls within the Greater Portland submarket of Cumberland County, offering excellent visibility and accessibility. This strategically located space benefits from significant foot traffic and presents a strong return on investment potential for ATM operators. The property's location within a larger building provides inherent security and stability. The APN is Map 34A, Block C, Lot 1. This is a rare opportunity to acquire a well-positioned, ready-to-occupy ATM space in a thriving Maine market. The vacant space is immediately available. Serious inquiries only.

    Property Features for 295 Forest Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    92,122 SF
    Class
    B

    Unit(s) available at that property

    Space
    ATM Space
    Size
    91 SF

    HighLights

    • 91± SF ATM space adjacent to Hannaford.
    • Located in Hannaford Plaza on Forest Avenue, Portland, ME 04101.
    • Includes a vestibule.
    • On‑site parking available.
    • Lease rate: $1,700/month NNN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Spurwink ALLTECH Health Consultant Shauna Myles Pharmacy Sarah Hopkins Pharmacy Amy Farb Pediatrician Vokey Paula Social Worker

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Law Firm Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.26875509
    Latitude
    43.66385697

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, ideal ATM location.
    Where is this retail property located?
    The property is located at 295 Forest Ave Portland, ME.
    What are key features of this property?
    This property features: 91± SF ATM space adjacent to Hannaford.; Located in Hannaford Plaza on Forest Avenue, Portland, ME 04101.; Includes a vestibule.
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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
    295 Forest Ave Portland, ME 04101
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