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: 5,500 - 15,000 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: $12,500
Lease Types: NNN
Usable Size (USF): 15,000 SF
Last Updated: 1/18/2023

Overview / Comments

5,500± SF, 9,500± SF, 15,000± 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).
Can include loading dock and drive-in door.
Upper floors to be converted to residential units.
Exterior to be restored to its historic design.
Lease Rate: $10.00/SF NNN

Attachments & Media

Expand All Available Space

Suite: First Floor 15,000 SF $10 PSF (Annual) NNN
Level/Floor: 1
Space Available: 15,000 SF
Minimum Divisible: 5,500 SF
Lease Rate: $10 PSF (Annual)
$12,500 (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. An adjacent, 5,500± SF garage with loading dock and drive-in door can be recaptured from an abutting tenant, making the total available space 15,000± SF.
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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