736 Forest Ave - Storefront Retail/Residential FOR SALE


Portland, ME 04103- Deering Center
$899,000 USD
207-331-4565
736 Forest Ave, Portland, ME for Sale
$899,000 USD
Storefront Retail/Residential - FOR SALE
1/18
null | Request Cap Rate

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736 Forest Ave
Portland, ME 04103
Deering Center


OVERVIEW

Positioned in one of Portland’s walkable, urban commercial corridors, this B-2b zoned property offers an exceptional opportunity for neighborhood-focused retail, service, or mixed-use development. The district is characterized by a pedestrian-friendly streetscape and a compact urban pattern that supports steady foot traffic and strong community engagement. Surrounded by established housing and situated along key arterial routes, the location is ideal for businesses seeking high visibility and convenient access within a thriving, mixed-use environment. The zone encourages active street-level commercial use with moderate-to-high density residential space above, making it an attractive choice for investors, developers, and owner-users looking to capitalize on Portland’s growing urban neighborhoods. The property offers a first-floor 829 SF commercial corner suite with approx 35,000+ cars/day traffic count - ideal for retail, office, salon/barber, and other permitted uses (see land use docs). The upper levels contain two vacant, fully renovated residential units with separate entrances: a 2BD/1BA (945 SF, projected rent $2,750/month) and a 4BD/2BA (1,766 SF, projected rent $3,9000/month). Strong rental demand and modern finishes position these units for immediate occupancy. Additional features include off-street parking for 3 vehicles, abundant street parking, and direct access to public transportation. Strategic location minutes from I-295 and downtown Portland, and within half a mile of Back Cove, Stevens Ave Deering neighborhood (Norimoto Bakery, Rambler Café, Pat's Meat Market), and Woodfords Corner amenities. A flexible investment opportunity suitable for owner-occupiers or investors seeking a mixed-use property with strong signage visibility and cash flow potential.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$165 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,648 SF

ZONING

B2

APN/PARCEL ID

PTLD-000130-000000-H018001

ASK ABOUT THIS PROPERTY

Michael NavarroElevate Maine RealtyMore Info
207-331-4565

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Michael NavarroElevate Maine RealtyMore Info
207-331-4565

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