477 Forest Portland, ME 04101
This exceptional commercial property, located at 477 Fore St in Portland, Maine's vibrant Old Port district, offers two prime retail spaces totaling 2,495 square feet. Situated in a Class A, seven-story building (177,118 total square feet) constructed in 1989, this property boasts a desirable location with high foot traffic. Suite 120, a 1,134 square foot space, is a beautifully built-out restaurant space complete with a kitchen, gas range, and hood vent, ideal for food-related businesses. Suite 118, a 1,361 square foot space, features a bright storefront with excellent visibility and an on-site restroom. These spaces can be leased individually or combined. The property sits on 0.9 acres of land, zoned B-3 Business Downtown (APN: Map 38, Block B, Lot 02), and enjoys a 98 Walk Score, making it a walker's paradise. The building is part of a larger complex with over 340,000 square feet of office and retail space, including well-known tenants. The property is conveniently located near the intersection of Union and Fore Streets, in the heart of Portland's financial and Old Port districts. Lease rates range from $25.00 to $30.00 per square foot, modified gross. This is a rare opportunity to secure a highly visible and desirable retail space in one of Portland's most sought-after locations.
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Pure Barre Gym & Fitness Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.