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.
| MLS # | 1673964 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1942 |
| Days On Site | 56 |
| Listing Provided By | EXP Realty | Michael Rogers |
| SQ Feet | 1,064 |
|---|---|
| Story(s) | 1 |
| Zoning | B2b |
| Acreage | 0.16 |
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | No |
| Cooling | None |
| Building Features | Overhead Doors |
| Roof | Flat, Membrane |
|---|---|
| Foundation Details | Slab |
| Lot Features | Bus Line, Business District, Near Turnpike/Interstate |
| Construction Materials | Masonry, Brick |
| Parking Features | 11 - 20 Spaces, On Site, Paved |
|---|
| Sewer | Public Sewer |
|---|---|
| Electric | Circuit Breakers |
| Tax Annual Amount | 5416 |
|---|---|
| Tax Book Number | 15085 |
| Tax Year | 2024 |
| Tax Block | E |
| Tax Lot | 3 |
| Tax Map Number | 116 |
| State | ME |
|---|---|
| County | Cumberland |
| City | Portland |
| Zip Code | 04101 |
| Area | Cumberland |
| Listing VS Median (in 04101) | |
Price: $1,095,000 low | high Med: $850,000 sqft: 1,064 low | high Med: 1,115 $ / sqft: $1,029 low | high Med: $762 On site: 56 low | high Med: 168 | |
| State | ME |
|---|---|
| County | Cumberland |
| City | Portland |
| Zip Code | 04101 |
| Area | Cumberland |
| Listing VS Median (in 04101) | |
Price: $1,095,000 low | high Med: $850,000 sqft: 1,064 low | high Med: 1,115 $ / sqft: $1,029 low | high Med: $762 On site: 56 low | high Med: 168 | |