736 Forest Avenue, Portland, ME 04103

$899,000
Property Type: Commercial Square Footage: 3,540 Lot Size (sq. ft.): 3,920 Status: Active
Current Price: $899,000 List Date: 9/19/2025 Last Modified: 11/24/2025

Description

High-visibility property in the Mixed Use Zone B-2B, located on the corner of Forest Ave & Pleasant Ave, just north of Woodford's Corner. The property offers a first-floor 829 SF commercial corner suite with approx 35,000+ cars/day traffic count - ideal for retail, office, salon/barber, and other permitted uses (see land use docs). The upper levels contain two vacant, fully renovated residential units with separate entrances: a 2BD/1BA (945 SF, projected rent $2,750/month) and a 4BD/2BA (1,766 SF, projected rent $3,900/month). Strong rental demand and modern finishes position these units for immediate occupancy. Additional features include off-street parking for 3 vehicles, abundant street parking, and direct access to public transportation. Strategic location minutes from I-295 and downtown Portland, and within half a mile of Back Cove, Stevens Ave Deering neighborhood (Norimoto Bakery, Rambler Café, Pat's Meat Market), and Woodfords Corner amenities. A flexible investment opportunity suitable for owner-occupiers or investors seeking a mixed-use property with strong signage visibility and cash flow potential. Also listed as MULTI-FAMILY MLS#: 1638196

Supplements: ********

More Information MLS# 1638190

Location Information

Book: 34141 Leased Land: No Page: 100 Map: 130 Lot: 18 Zoning Overlay: No Tree Growth Y/N: No Association Y/N: No Street #: 736 Street Name: Forest Street Type: Avenue County: Cumberland Town: Portland State/Province: ME Zip Code: 04103 Zoning: B2b Full Tax Amount $: 9005.37 Tax Year: 2026 Geo Lat: 43.673248 Geo Lon: -70.285728

Property Information

Primary Use: Multi Family Surveyed: Unknown Deed/Conveyance Type Offered: Warranty Deed: All Lot Size Acres +/-: 0.09 Year Renovated +/-: 2025 Total # Floors: 3 Year Built: 1900 SqFt Finished Total: 3540

Location

Business District: 1 Near Shopping: 1

Commercial Bldg Information

Retail SqFt: 829 Total Units: 3

Property Uses

Child Care: 1 Commercial: 1 Convenience Store: 1 Executive Suites: 1 Medical: 1 Office Building: 1 Restaurant: 1 Retail: 1

Basement

Full: 1 Unfinished: 1

Foundation Materials

Brick/Mortar: 1 Poured Concrete: 1

Exterior

Aluminum Siding: 1

Roof

Shingle: 1

Heat System

Direct Vent Heater: 1

Heat Fuel

Gas Natural: 1

Cooling

None: 1

Floors

Wood: 1

Parking

1 - 4 Spaces: 1 On Site: 1 Paved: 1

Electric

Circuit Breakers: 1

Utilities

Utilities On: Yes

Gas

Natural - On Site: 1

Sewer

Public Sewer: 1

Water

Public: 1

Contract Information

Status: Active Original List Price: 899000 List Price: $899,000 Current Price: $899,000

Property Features

Location: Business District; Near Shopping Property Uses: Child Care; Commercial; Convenience Store; Executive Suites; Medical; Office Building; Restaurant; Retail Basement: Full; Unfinished Foundation Materials: Brick/Mortar; Poured Concrete Exterior: Aluminum Siding Roof: Shingle Heat System: Direct Vent Heater Heat Fuel: Gas Natural Cooling: None Floors: Wood Parking: 1 - 4 Spaces; On Site; Paved Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public
Listing Office: Elevate Maine Realty
IDX
Last Updated: November - 24 - 2025
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