Bought with Alessandra Malone Waypoint Brokers Collective
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736 Forest AVE Portland, ME 04103
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Key Details
Sold Price $770,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,540 sqft
Price per Sqft $217
MLS Listing ID 1665887
Sold Date 09/25/26
HOA Y/N No
Year Built 1900
Tax Year 2026
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Mixed Use
Source Maine Listings
Land Area 3540
Property Description
High-visibility mixed-use opportunity in Portland's B-2B Mixed Use Zone, prominently positioned on the corner of Forest Ave & Pleasant Ave just north of Woodford's Corner. Offering exceptional exposure with a traffic count of approximately 35,000+ vehicles per day, the property features an 829 SF first-floor commercial corner suite--ideal for retail, office, salon/barber, or other permitted uses (see land use documents). In addition to the commercial space are two fully renovated and occupied residential units with separate entrances, creating immediate income potential. The second floor offers a 2BD/1BA unit (945 SF) currently rented for $2,500/month plus utilities, while the third floor features a spacious 4BD/2BA unit (1,766 SF) rented for $3,400/month plus utilities. Modern updates and strong rental demand make these units well-positioned for long-term performance. Additional highlights include off-street parking for 3 vehicles, abundant street parking, and direct access to public transportation. Conveniently located just minutes from I-295 and downtown Portland, and within a half-mile of Back Cove, the Stevens Ave/Deering neighborhood, and local favorites such as Norimoto Bakery, Rambler Café, Pat's Meat Market, and Woodford Food & Beverage. This property offers a blend of income, flexibility, and unmatched visibility. Also listed as MULTI-FAMILY MLS# 1665886.
Location
State ME
County Cumberland
Zoning B2b
Direction Corner of Forest Ave & Pleasant Ave, just north of Woodford's Corner
Rooms
Basement Full, Unfinished
Interior
Interior Features Storage
Heating Gas Natural, Direct Vent Heater
Cooling None
Flooring Wood, Luxury Vinyl
Exterior
Parking Features 1 - 4 Spaces, On Site, Paved
Roof Type Shingle
Building
Lot Description Business District, Near Shopping
Story 3
Foundation Stone, Poured Concrete, Brick/Mortar
Water Public
Others
Tax ID PTLD-000130-H000018-000001
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