1871 Forest Ave Portland, ME 04103

This exceptional 3.42-acre property at 1871 Forest Ave, Portland, ME 04103, presents a unique investment opportunity. Currently zoned B2, it offers significant potential for high-density residential redevelopment. The site boasts an existing 8,771 square foot building, formerly a restaurant, constructed in 1910 and featuring three stories. The property includes 52 on-site parking spaces, a significant advantage for any future development. Two convenient entrances directly off Forest Avenue, situated on a public bus route, ensure excellent accessibility. The asking price for this mixed-use property is $1,750,000. The property's APN is Map 327A / Block A / Lot 4, Cumberland County. This prime location in Portland, Maine offers a rare chance to capitalize on the city's thriving real estate market. The existing structure, while currently vacant, provides a solid foundation for a variety of redevelopment projects, from residential conversions to new construction. The ample parking and convenient location make this an attractive proposition for developers seeking a high-impact project. Don't miss this chance to acquire a substantial piece of Portland real estate with significant upside potential.