About This Home

This 0-bedroom, 0-bathroom commercial at 484 Forest Avenue in Portland, ME is listed for $1,095,000 ($1,029 per sqft). Built in 1942, the home offers 1,064 sqft of living space on a 0.16 acres lot.

Key Features

  • Built in 1942
  • 0.16 acre lot

Property Details

1942
Listing Description

Rare opportunity to acquire a four-way lighted corner lot with two entrance points on heavily travelled (20K+ AADT) Forest Avenue. It's been a gas station since 1942 and operating as Welch Service Station since the early 1970s. It's a local landmark on Forest Avenue. Highest and best adaptive reuses are modern cafes (e.g. coffee, smoothie and acai bowl), offices, or retail boutiques. It's a candidate for historical tax credits (up to 45%) given its age.

Monthly Cost Estimate

$5,856/mo

20% down · 6.5% · 30 years

Principal$792
Interest$4,745
Insurance$319

Estimates only. Actual payments may vary.

Location

484 Forest Avenue

Portland, ME 04101

Property Details

Flooring

Concrete

Construction

Masonry Brick

Heating

Natural GasForced Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 484 Forest Avenue is listed at $1,095,000 ($1,029/sqft). The estimated monthly payment is $5,856 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1942, 0.16 acre lot.

This property is listed by Michael Rogers.

MR

Michael Rogers

Agent at EXP REALTY LLC

Listed by EXP REALTY LLC · Broker phone: (856) 207-1951 · View on Broker Site

MLS# 1673964· Source: Maine Listings· 4 days on PropertySimple

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484 Forest Avenue, Portland, ME 04101

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