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Offered at $2,000,000Pending
beds
—
baths
0
sq ft
4,200
Built
1999

819-829 Forest Avenue

Portland, ME 04103

About this home

Prime Commercial Opportunity with Additional Multifamily Building & Ample Parking! Discover a versatile commercial property offering two buildings, multiple income possibilities, and a huge paved parking lot—all situated on one completely fenced-in lot. The 1999 commercial building features durable metal siding, metal roofing, and block-face construction, along with two separate 1st floor level of storefront/retail space, providing flexibility for a variety of business uses. A one-car attached garage adds valuable storage or workspace, while the expansive paved lot offers plenty of parking for customers, employees, tenants, or multiple businesses. Also included is a detached three-unit building constructed in 1980, featuring vinyl siding, vinyl trim, and gutters. The building consists of a three-bedroom, two-bath main residence, a one-bedroom first-floor apartment, and a two-bedroom second-floor apartment, along with a one-car garage. This additional building offers excellent potential for rental income, owner occupancy, office space, or future redevelopment opportunities. Both buildings are being sold together, as-is, and as one parcel. The three-unit building will require interior work, providing an opportunity for a new owner to renovate and customize the space to meet their needs. The entire property is completely fenced, providing added security and clearly defined boundaries. With substantial paved parking, multiple commercial spaces, an attached garage, a separate multifamily building, and numerous potential uses, this is an opportunity worth exploring. Commercial, investment, owner-user, and redevelopment potential all in one property!

Listing last checked: Listing updated:

Listed by Listing Agent · Better Homes & Gardens Real Estate/The Masiello Group · MLS #1678817

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Details at a glance

Interior2 property facts
Heating
Other
Flooring
Carpet, Laminate, Ceramic Tile
Building4 property facts
Style
General Commercial
Year built
1999
Foundation
Brick/Mortar, Slab
Roof
Metal, Shingle
Land & utilities4 property facts
Lot size
0.54 acres
Water
Public
Sewer
Public Sewer
Zoning
B-2B
Financial2 property facts
Annual taxes
$15,479
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $2,000,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$11,403 / monthAdjust
Principal & interest
$10,113
Property tax
$1,290
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $15,479. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

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About 819-829 Forest Avenue

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Request a tour of 819-829 Forest Avenue and a Bean Group agent will help coordinate an available time with the listing side.

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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

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