736 Forest Ave 5,441 SF Office Building Portland, ME 04103 $1,226,452 CAD ($225.41 CAD/SF)

Positioned in one of Portland’s walkable, urban commercial corridors, this B-2b zoned property offers an exceptional opportunity for neighborhood-focused retail, service, or mixed-use development. The district is characterized by a pedestrian-friendly streetscape and a compact urban pattern that supports steady foot traffic and strong community engagement.
Surrounded by established housing and situated along key arterial routes, the location is ideal for businesses seeking high visibility and convenient access within a thriving, mixed-use environment. The zone encourages active street-level commercial use with moderate-to-high density residential space above, making it an attractive choice for investors, developers, and owner-users looking to capitalize on Portland’s growing urban neighborhoods.
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 $3,9000/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.