1087 Forest Ave

Office for Sale
Sale Pending
Catylist Listing ID: 30802382
Property Subtypes: Office Building, General
Status: Pending
Building Size (RSF): 4,942 SF
Gross Building Area: See Agent
Gross Land Area: 0.25 Acres
Sale Price: $1,075,000
Unit Price: $217.52 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: 1087-1089 Forest Ave
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2023

Overview / Comments

- High Visibility 4,942+/- SF office building on the corner of Forest Avenue and Read Street

- Ideal owner-user or investment opportunity

- Average daily traffic count: 22,570 MDOT 19

- 140± feet of frontage on Forest Ave

- 2.3 miles (8 minutes) from Portland Peninsula

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 146 F008
Zoning: B-2
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1982
Parking Type: Surface
Total Parking Spaces: 17
Heat Type: Natural Gas
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,628 73,963 119,776
Median Age: 38.89 37.69 39.02
Households: 6,052 34,217 53,415


Photograph of Listing Agent

Timothy J. Millett, CCIM

Porta & Company NECPE Member
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