High-visibility mixed-use opportunity in Portland's B-2B Mixed Use Zone, prominently positioned on the corner of Forest Ave & Pleasant Ave just north of Woodford's Corner. Offering exceptional exposure with a traffic count of approximately 35,000+ vehicles per day, the property features an 829 SF first-floor commercial corner suite--ideal for retail, office, salon/barber, or other permitted uses (see land use documents). Above the commercial space are two fully renovated and occupied residential units with separate entrances, creating immediate income potential. The second floor offers a 2BD/1BA unit (945 SF) currently rented for $2,500/month plus utilities, while the third floor features a spacious 4BD/2BA unit (1,766 SF) rented for $3,400/month plus utilities. Modern updates and strong rental demand make these units well-positioned for long-term performance. Additional highlights include off-street parking for 3 vehicles, abundant street parking, and direct access to public transportation. Conveniently located just minutes from I-295 and downtown Portland, and within a half-mile of Back Cove, the Stevens Ave/Deering neighborhood, and local favorites such as Norimoto Bakery, Rambler Café, Pat's Meat Market, and Woodford Food & Beverage. Whether you're an investor seeking strong cash flow or an owner-occupant looking to combine business and real estate ownership, this versatile property offers a rare blend of income, flexibility, and unmatched visibility. Also listed as COMMERCIAL MLS# 1665887.
73 days
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Zillow last checked:
Listing updated:
Listed by:
Elevate Maine Realty
Source: Maine Listings,MLS#: 1665886
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 4
Full bathrooms: 3
Heating
Direct Vent Heater
Cooling
None
Features
Flooring: Wood, Luxury Vinyl
Basement: Interior Entry,Full,Unfinished
Has fireplace: No
Interior area
Total structure area: 3,540
Total interior livable area: 3,540 sqft
Finished area above ground: 3,540
Finished area below ground: 0
Property
Parking
Parking features: Paved, 1 - 4 Spaces, On Site
Features
Levels: Multi/Split
Stories: 3
Lot
Size: 3,920 Square Feet
Features: Business District, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Corner Lot, Sidewalks