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1569 Forest Avenue, Portland, ME 04103

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For Sale

$995,000

0.4 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • 0.4 acres
    Lot size

Explore this Property

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.
MLS# 1589197

Courtesy Of Benchmark Real Estate
72 Pine Street, Portland, ME 04102
(207) 775-0248

Property Features

  • Architecture Style
    Other
  • Lot Size
    0.4 Acres
  • Roof Type
    Unknown

Map and Directions

Directions to 1569 Forest Avenue, Portland, ME 04103

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Monthly Payment Breakdown

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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