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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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484 Forest Ave , Portland, ME 04101
$1,095,000
Est. Payment: $2,433.33/mo
0 Bed
0 Bath
1064 Sqft
Status: Active | Days on site: 21
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2742 - 003210
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

Rare opportunity to acquire a four-way lighted corner lot with two entrance points on heavily travelled (20K+ AADT) Forest Avenue. It's been a gas station since 1942 and has been operating as Welch Service Station since the early 1970s. It's a local landmark and the last vestige of Portland's original 'Auto Mile' on Forest Avenue dating back to 1910. Highest and best adaptive reuses are modern cafes (e.g. coffee, smoothie and acai bowl), offices, or retail boutiques. It's a candidate for historical tax credits (up to 45%) given its age and architectural significance.
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Highlights

Listed by Michael Rogers , 207-318-9984 EXP Realty , 888-439-8743.

Property Type

Commercial Sale
Lot/Acreage
0.16

Year Built

1942

County

Cumberland

Listing ID

1673964

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Floor:Concrete
Basement:Slab
Water:Public

Exterior Features

Lot:Bus Line,Business District,Near Turnpike/Interstate
Zoning:B2b
Roof:Flat,Membrane
Sewer:Public Sewer
Parking Features:11 - 20 Spaces,On Site,Paved
Principal Interest
$2,433
Taxes
$451

Home Price

$1,095,000

Loan Details

30 yrs
%

Down Payment

20%
$219,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,433.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,433.33 $451.33 $0.00 $2,884.67
Yearly $29,200.00 $5,416.00 $0.00 $34,616.00
Total $876,000.00 $162,480.00 $0.00 $1,038,480.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Portland, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.