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: |
4,500 - 9,500 SF |
| Total Available: |
19,000 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: |
$7,916 |
| Lease Types: |
NNN |
| Usable Size (USF): |
9,500 SF |
| Last Updated: |
5/12/2023 |
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
|
| Level/Floor: |
1 |
| Space Available: |
9,500 SF |
| Minimum Divisible: |
4,500 SF |
| Lease Rate: |
$10 PSF (Annual)
$7,916 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
The currently available space of 9,500+/- SF is comprised of 4,500+/- SF of a retail showroom and a 5,000+/- SF warehouse with a loading dock. The space could be subdivided to include just the 4,500+/- SF showroom or just the 5,000+/- SF warehouse. |
| 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) |
| Level/Floor: |
First Floor |
| Space Available: |
5,000 SF |
| Lease Rate: |
$10 PSF (Annual)
$4,166 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
The currently available space of 9,500+/- SF is comprised of 4,500+/- SF of a retail showroom and a 5,000+/- SF warehouse with a loading dock. The space could be subdivided to include just the 4,500+/- SF showroom or just the 5,000+/- SF warehouse. |
| Date Available: |
4/20/2023 |
| Space Type: |
New |
| Tax Expenses |
$0.01 PSF (Annual) |
| Level/Floor: |
First Floor |
| Space Available: |
4,500 SF |
| Lease Rate: |
$10 PSF (Annual)
$3,750 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
The currently available space of 9,500+/- SF is comprised of 4,500+/- SF of a retail showroom and a 5,000+/- SF warehouse with a loading dock. The space could be subdivided to include just the 4,500+/- SF showroom or just the 5,000+/- SF warehouse. |
| Date Available: |
4/20/2023 |
| Space Type: |
New |
| Tax Expenses |
$0.01 PSF (Annual) |
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
Cumberland |
| Taxing Authority: |
Cumberland County |
| Tax ID/APN: |
Map 127, Block A, Lot 2 |
| Zoning: |
B2B - BUSINESS COMMUNITY |
| 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 |
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 |
|
© Copyright 2001-2023 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
|
