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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

477 Forest Portland, ME 04101

177,118 SF 0.9 ac lot Built 1989
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1989
Total area 177,118 SF
Lot 0.9 ac (39,204 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pure Barre Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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