477 Forest Portland, ME 04101
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Pure Barre / Gym & Fitness Center
Property Details for 477 Forest
- Year built
- 1989
- Lot size
- 0.90 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.2558
- Latitude
- 43.6555
