503-509 Forest Avenue, Portland

Retail-Commercial for Lease
Catylist Listing ID: 30827757
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Contiguous Space: 1,341 - 13,873 SF
Building Size (RSF): 73,750 SF
Gross Building Area: See Agent
Gross Land Area: 0.61 Acres
Lease Rate: $10 PSF (Annual)
Base Monthly Rent: $11,560
Lease Types: NNN
Usable Size (USF): 9,500 SF
Last Updated: 3/28/2024

Overview / Comments

4,500+/- SF, 5,000+/- SF, 9,500+/- SF of first floor retail/flex space available for lease.
The space features great visibility, with high traffic counts on Forest Ave (22,180 MDOT).
Ideal for showroom and storage.
Upper floors to be converted to residential units.
Exterior to be restored to its historic design.
Lease Rate: $10.00/SF NNN

Expand All Available Space

Suite: First Floor 13,873 SF $10 PSF (Annual) NNN
Level/Floor: 1
Space Available: 13,873 SF
Minimum Divisible: 1,341 SF
Lease Rate: $10 PSF (Annual)
$11,560 (Monthly)
Lease Type: NNN
Space Description: Size ranging from 1,341+/- SF to 13,873+/- SF. Vacant space can be configured in multiple ways, see brochure or broker for details.
Space Subcategory: Office Building, Industrial-Business Park
Date Available: 12/15/2022
Space Type: New
Tax Expenses $0.01 PSF (Annual)
CAM Expenses $4.25 PSF (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Taxing Authority: Cumberland County
Tax ID/APN: Map 127, Block A, Lot 2
Retail Clientele: General, Family, Business, Tourist, Convention, Other
Property Visibility: Excellent
Largest Nearby Street: Forest Avenue
Traffic/Vehicle Count: 22,180
Highway Access: I-95
Airports: PMW
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Exterior Description: Exterior to be restored to its historic design.
Parking Type: Underground
Parking Description: Available in rear of building on Indian Lane and in Landlord-owned garage in lower level. See broker for details.
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: B2b - Business Community
Lot Frontage: N/A
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,164 83,909 123,475
Median Age: 35.35 37.93 39.23
Households: 11,166 38,840 55,085


Photograph of Listing Agent

Reese McFarlane

The Boulos Company NECPE Member
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