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Property profile

448 Forest Ave Portland, ME 04103

OFF-MARKET
Retail properties & Spaces
13,888 SF Built 1942
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Property summary

AI-generated overview

This exceptional retail opportunity is located at 448 Forest Avenue in Portland, Cumberland County, Maine. The property comprises a single-story, 13,888 square foot building constructed in 1942, currently divided into three suites. A significant portion of the building, totaling 1,675 square feet, is currently vacant and available for lease. This space is ideally suited for restaurant use, featuring a pre-installed walk-in cooler, a legacy from its previous tenant, the Pizza Joint. The building enjoys a prime location on Forest Avenue, boasting excellent visibility and ample signage opportunities. Daily traffic counts on Forest Avenue exceed 19,420 vehicles, ensuring high exposure for any business. The property's convenient location is further enhanced by its proximity to I-295, just half a mile away. On-site parking is available for customers and employees. This retail center is already home to established businesses such as Norway Savings and Haven's Candy, creating a synergistic environment for new tenants. The available space presents a unique chance to establish a thriving business in a high-traffic, well-established commercial area. The building's history as a successful restaurant adds to its appeal, offering a ready-made infrastructure for a similar venture.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1942
Total area 13,888 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bakery Take-out & Catering

Location

448 Forest Ave Portland, ME 04103
Portland metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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