677 Forest Ave - Restaurant FOR SALE


Portland, ME 04103- Back Cove
$1,495,000 USD
207-650-3455
677 Forest Ave, Portland, ME for Sale
$1,495,000 USD
Restaurant - FOR SALE
1/1
null | Request Cap Rate

677 Forest Ave
Portland, ME 04103
Back Cove


HIGHLIGHTS

  • Prime location with excellent visibility.
  • On-site parking available

OVERVIEW

The property offers a prime location with excellent visibility and access on Forest Avenue, situated in a high-traffic corridor with more than 22,000 vehicles passing daily as of 2023. It features on-site parking—an uncommon and valuable advantage in this part of Portland—and is surrounded by a strong mix of retail, dining, and service amenities. Located just minutes from downtown Portland and the University of Southern Maine, the property benefits from steady demand and strong investment potential. The well-maintained, turnkey space is flexible and suitable for a variety of uses, including retail, office, medical, or service-based operations, while also presenting an opportunity for future redevelopment, making it ideal for either owner-occupancy or long-term investment.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$304 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

B2B

APN/PARCEL ID

PTLD-000129-000000-L003001

ASK ABOUT THIS PROPERTY

David JonesF. O. Bailey Real EstateMore Info
207-650-3455

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David JonesF. O. Bailey Real EstateMore Info
207-650-3455

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.