938 Forest Avenue, Portland, ME 04103

$650,000
Property Type: Commercial Square Footage: 2,637 Lot Size (sq. ft.): 25,265 Status: Closed
Current Price: $650,000 List Date: 7/06/2023 Last Modified: 1/15/2025

Overview

Description

This property has fantastic visibility and development opportunities. 938 Forest Ave is a 2,637 SF building with beautiful original Victorian woodwork and ornate fireplaces. Currently configured as office space on the first two floors, and a spacious 2-bedroom apartment on the upper levels. It also has 17 parking spaces. (Being sold with 930 Forest Avenue)

Listing Details MLS# 1564418

Location Information

Street #
938
Street Name
Forest
Street Type
Avenue
County
Cumberland
Town
Portland
State/Province
ME
Zip Code
04103
Zip +4
4123
Leased Land
No
Book
31514
Page
294
Map
142
Block
E
Lot
3
Zoning
RP
Zoning Overlay
Unknown
Full Tax Amount $
6133
Tax Year
2022
Association Y/N
No

Contract Information

Original List Price
1475000

Property Information

Primary Use
Mixed Use
Surveyed
Unknown
Deed/Conveyance Type Offered
Quit Claim w/Covenant
Deed
All
Deed Restrictions
Unknown
Bank Owned REO
No
Year Built
1900
Year Renovated +/-
1939
Tenancy
Multiple Tenants
Leases
Yes
Total # Floors
2
SqFt Finished Total
2637
Lot Size Acres +/-
0.58

Status Change Info

Pending Date
2023-08-10
Closed Date
2023-09-08
Closed Price
650000

Commercial Bldg Information

Ceiling Height +/-
8
Gross Income
59880
Operating Expenses
18784

Sold Info

Appraiser Email Address
George@TheArcCo.Com

More Information

Location

Bus Line
Yes
Near Turnpike/Interstate
Yes
Public Transport Access
Yes

Property Uses

Office Building
Yes
Special Purpose
Yes
Warehouse
Yes

Construction

Wood Frame
Yes

Basement

Full
Yes

Foundation Materials

Brick/Mortar
Yes
Stone
Yes

Exterior

Clapboard
Yes
Shingle Siding
Yes
Wood Siding
Yes

Roof

Shingle
Yes

Heat System

Hot Water
Yes
Steam
Yes

Heat Fuel

Gas Natural
Yes
Oil
Yes

Cooling

None
Yes

Floors

Carpet
Yes
Tile
Yes
Vinyl
Yes
Wood
Yes

Parking

Off Site
Yes
Paved
Yes

Electric

Circuit Breakers
Yes

Gas

Natural - On Site
Yes

Sewer

Public Sewer
Yes

Water

Public
Yes

Property Features

Location: Bus Line; Near Turnpike/Interstate; Public Transport Access Construction: Wood Frame Property Uses: Office Building; Special Purpose; Warehouse Basement: Full Foundation Materials: Brick/Mortar; Stone Exterior: Clapboard; Shingle Siding; Wood Siding Roof: Shingle Heat System: Hot Water; Steam Heat Fuel: Gas Natural; Oil Cooling: None Floors: Carpet; Tile; Vinyl; Wood Parking: Off Site; Paved Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public
IDX
Listing Office: Town & Shore Real Estate
Selling Office: RE/MAX Shoreline
Last Updated: January - 15 - 2025
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.