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1087 Forest Ave 6,084 SF 87% Leased Office Building Portland, ME 04103 $1,642,548 CAD ($269.98 CAD/SF)
Executive Summary
This high-visibility ±6,084 SF office building is located on the prominent corner of Forest Avenue and Read Street, offering excellent exposure with an average daily traffic count of 22,570 vehicles per MDOT. Approximately ±4,000 SF is available for an owner-occupier, with additional income generated from an existing tenant occupying ±1,500 SF. The property is conveniently situated just 2.3 miles, or an eight-minute drive, from the Portland Peninsula and is offered for sale at a price of $1,200,000.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
6,084 SF
Building Class
C
Year Built
1982
Price
$1,642,548 CAD
Price Per SF
$269.98 CAD
Percent Leased
87%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,721 SF
Building FAR
0.56
Lot Size
0.25 AC
Zoning
B2 - Business
Parking
17 Spaces (4.94 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- Individual office spaces available for lease. - Ideal for solo entrepreneurs, consultants, or remote workers seeking a quiet, professional environment. - Shared kitchenette - 2.3 miles (8 minutes) from Downtown Portland. - Lease Rate: $700/Month Gross
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 200-800 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 200-800 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 200-800 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
- Individual office spaces available for lease. - Ideal for solo entrepreneurs, consultants, or remote workers seeking a quiet, professional environment. - Shared kitchenette - 2.3 miles (8 minutes) from Downtown Portland. - Lease Rate: $700/Month Gross
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Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Number | PTLD-000146-000000-F007001 | Improvements Assessment | $858,779 CAD |
| Land Assessment | $323,582 CAD | Total Assessment | $1,182,361 CAD |
Property Taxes
Parcel Number
PTLD-000146-000000-F007001
Land Assessment
$323,582 CAD
Improvements Assessment
$858,779 CAD
Total Assessment
$1,182,361 CAD
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1087 Forest Ave
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