$1,499,000
INVESTORS TAKE NOTICE: 1 retail and 8 residential units (9 units total) in a prime Portland location! Discover a unique investment opportunity at the vibrant intersection of Forest Ave, Woodford St, and Ocean Ave. This property features a strategic location with one street-level retail unit, perfect for businesses seeking prime… Read More visibility, and eight residential units on the second floor, providing modern living spaces with 1 to 3 bedrooms.Positioned at a bustling intersection, the property promises high traffic and accessibility via major thoroughfares and public transportation. Investors can capitalize on a steady rental income stream from the mix of residential and commercial spaces, while the prime location ensures long-term appreciation and demand. Explore the potential of this mixed-use gem, combining convenience, versatility, and income prospects. Schedule your private viewing and seize the opportunity to invest in this dynamic property. The full finished basement, equipped with a loading dock, adds versatility for potential expansion, storage, or logistical convenience for the retail unit. Read Less
Courtesy of Maine Real Estate Co 800-971-8860
Listing Snapshot
Days Online
1
Last Updated
Property Type
Mixed Use
Square Ft.
11,169
Lot Size
0.12 Acres
Year Built
1910
MLS Number
1650411
Additional Details
Basement
Basement: "Walk-Out Access", "Finished", "Full", "Unfinished"
Building
Building Area Total: 11,169, Construction Materials: "Brick Veneer", "Brick", "Masonry", Year Built: 1910
Cooling
Cooling: "None"
Expenses
Operating Expense: $34,519
Floors
Flooring: "Vinyl", "Tile", "Carpet"
Heating
Heating: "Hot Water", "Baseboard", Heating Included
Income
Gross Income: $145,308
Lot
Features: "Public Transport Access", "Near Turnpike/Interstate", "Near Airport", "Downtown", "Business District", "Bus Line", "Near Shopping", 0.12 acres, Area: 0.12, 5,227 square feet
Parking
Features: "1 - 4 Spaces", "Paved", "Off Street", "On Street"
Property
Business Type: "Retail", "Other", Parcel Number: PTLD-000129-L000002-000001, Property Sub Type: Mixed Use, Zoning: B2
Roof
Roof: "Flat", "Other"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $15,028, Tax Lot: L002
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Sarem Al-Shawk
Associate Broker
Thank you for reaching out! I will be able to read this shortly and get ahold of you so we can chat.
~SaremPlease Select Date
Please Select Type
Listing Information © Maine Real Estate Information System, Inc. All Rights Reserved.
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
Confirm your time
Fill in your details and we will contact you to confirm a time.
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.