1569 FOREST AVE
PORTLAND, ME 04103

$995,000

N/A Acres

R3 Zone

Status Active

MLS# 1589197

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.

Details for 1569 FOREST AVE

Built in 0

0 parking spaces

No Info

0.4 acres lot

Building And Construction

Property Sub Type

Land

Property Type

Land

Exterior And Lot

Lot Features

Level, Open Lot, Sidewalks, Landscaped, Near Golf Course, Near Public Beach, Near Shopping, Near Town, Near Railroad

Lot Size Acres

0.4

Lot Size Square Feet

17424

Lot Size Units

Acres

Parking Features

No Driveway, None

Zoning

Area And Schools

City

Portland

County Or Parish

Cumberland

Financial Info

Buyer Agency Compensation^*

2.5%

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$10,769

Tax Year

2023

Details for 1569 FOREST AVE

Building And Construction

Exterior And Lot

Area And Schools

Financial Info

Area Information for 1569 FOREST AVE