Mixed-Use Land for Sale in Portland, Maine

1569 Forest Ave Portland, ME 04103

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$995,000
0.4 acres
Active sale agoEst $10,230/mo

Development site in the desirable Riverton neighborhood. Just under 1/2 +/- acres with over 1 acres of additional land potentially available. Currently in an R3 Zone that abuts B1 Zone. Changing this parcel to B1 is likely and this opens up all kinds of possibilities and even more with re-code. The lot is level, open and enjoys an existing curb cut and full city utilities. Traffic counts are off the charts so a first floor retail or restaurant are a no brainer. With existing B1 zoning, you can build to 45' and in the proposed zoning it jumps to 50'. Add in the potential for a 2.5X unit bonus (the result of LD2003 if you provide affordable units) and this becomes one of the most attractive sites in Greater Portland.

Property details

Coordinates
43.6968, -70.3061
Zoning
R3
Elevation
112 feet
MLS Number
MREIS 1589197
Date Listed

Property taxes

2023
$10,769

This 0.4-acre property is located at 1569 Forest Ave in Portland, ME 04103 with latitude 43.6968 and longitude -70.3061. The property is currently available for sale for $995,000 with a price per acre of $2,487,500. Listing data is sourced from Maine Real Estate Information System # 1589197.

Verify sale details at the property source or contact Benchmark Real Estate at (207) 775-0248.

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Listing checked and updated . Parcel data by Regrid.

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