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About This Home

This 0-bedroom, 0-bathroom commercial at 677 Forest Avenue in Portland, ME is listed for $1,495,000 ($304 per sqft). Built in 1938, the home offers 4,922 sqft of living space on a 0.28 acres lot.

Agent Description

Great Development Opportunity! Rare chance to acquire or lease an iconic commercial property in one of Portland's most visible and highly traveled locations. Situated at 677 Forest Avenue, this prominent brick building sits on a valuable site with exceptional frontage, outstanding visibility, and an abundance of on-site parking.

Currently occupied by the well-known PJ Merrill Seafood retail store, a Portland institution for decades, the property benefits from a grandfathered seafood retail use. The site also offers significant redevelopment potential, making it an attractive opportunity for developers, investors, owner-users, and entrepreneurs seeking a strategic location along one of the city's major commercial corridors.

With strong traffic counts, excellent accessibility, and flexible future possibilities, this property presents a unique opportunity to capitalize on Portland's continued growth and demand for commercial space. Available for sale or lease. Real estate only is included in the offering.

The business is not included in the sale; however, acquisition of the business may be available separately to qualified buyers. Whether your vision is redevelopment, investment, or continued commercial use, this landmark Forest Avenue property offers exceptional potential in a prime Portland location.

Key Features

  • Built in 1938
  • 0.28 acre lot

Property Details

1938

Monthly Cost Estimate

$7,996/mo

20% down · 6.5% · 30 years

Principal$1,081
Interest$6,478
Insurance$436

Estimates only. Actual payments may vary.

Location

677 Forest Avenue

Portland, ME 04103

Property Details

Construction

Brick Wood Siding

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 677 Forest Avenue is listed at $1,495,000 ($304/sqft). The estimated monthly payment is $6,478 based on 20% down at 6.5% interest.

Key features include: Built in 1938, 0.28 acre lot.

This property is listed by David Jones and can be reached at 2076503455 or david@fobailey.com.

DJ

David Jones

Agent at F.O. Bailey Real Estate

(207) 650-3455

Listed by F.O. Bailey Real Estate

MLS# 1667022· Source: listhub· Updated today

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677 Forest Avenue, Portland, ME 04103

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