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Investment Highlights

  • Prime location with excellent visibility.
  • On-site parking available

Executive Summary

The property offers a prime location with excellent visibility and access on Forest Avenue, situated in a high-traffic corridor with more than 22,000 vehicles passing daily as of 2023. It features on-site parking—an uncommon and valuable advantage in this part of Portland—and is surrounded by a strong mix of retail, dining, and service amenities. Located just minutes from downtown Portland and the University of Southern Maine, the property benefits from steady demand and strong investment potential. The well-maintained, turnkey space is flexible and suitable for a variety of uses, including retail, office, medical, or service-based operations, while also presenting an opportunity for future redevelopment, making it ideal for either owner-occupancy or long-term investment.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,922 SF
Building Class
C
Year Built
1938
Price
$2,113,855 CAD
Price Per SF
$429.47 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.40
Lot Size
0.28 AC
Zoning
B2B

Amenities

  • Restaurant
  • Signage
  • Air Conditioning
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100

Nearby Major Retailers

Norway Savings Bank
TD Bank
Bank of America
KeyBank
Starbucks
Hannaford
Aroma Joe's
Anytime Fitness
Shaw's
Orangetheory Fitness

Property Taxes

Property Taxes

Parcel Number
PTLD-000129-000000-L003001
Land Assessment
$460,731 CAD
Improvements Assessment
$640,993 CAD
Total Assessment
$1,101,724 CAD
  • Listing ID: 38140338

  • Date on Market: 2025-10-20

  • Last Updated:

  • Address: 677 Forest Ave, Portland, ME 04103

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