Portland
$799,000
736 Forest Avenue
mls: 1665886
Bathrooms: 4
Year Built: 1900
Sq Footage: 3,540
Lot Size: 0.09
Taxes: $9,005
Status: Active

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.

Listed by: Elevate Maine Realty

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). Above 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. Whether you're an investor seeking strong cash flow or an owner-occupant looking to combine business and real estate ownership, this versatile property offers a rare blend of income, flexibility, and unmatched visibility. Also listed as COMMERCIAL MLS# 1665887.

Listed by: Elevate Maine Realty

Above Grade Finished Area
3540.00
Accessibility Features
Appliances
Architectural Style
New Englander
Basement
Interior Entry, Full, Unfinished
Bathrooms Full
3
Bathrooms Total Integer
4
Below Grade Finished Area
0.00
Body Type
Building Area Total
3540.00
Construction Materials
Wood Frame, Aluminum Siding
Cooling
None
Electric
Circuit Breakers
Exterior Features
Fireplaces Total
0
Flooring
Wood, Luxury Vinyl
Foundation Details
Stone, Poured Concrete, Brick/Mortar
Garage Spaces
0.00
Green Energy Efficient
Heating
Gas Natural, Direct Vent Heater
Heating Yes/No
1
Interior Features
Laundry Features
Lot Features
Business District, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Corner Lot, Sidewalks, Near Public Transit
Lot Size Acres
0.0900
Other Equipment
Other Structures
Parking Features
Paved, 1 - 4 Spaces, On Site
Patio And Porch Features
Pets Allowed
Property Condition
Roof
Shingle
Sewer
Public Sewer
Tax Annual Amount
9005.37
Utilities
Utilities On
Water Source
Public
Waterfront Features
Year Built
1900
Zoning
B2b