Consolidated Communications

Multi-Family: High-Rise
Pending

45 Forest Ave, PortlandME 04101

Property Details

Location

Address
45 Forest Ave, PortlandME 04101
County
Cumberland
Submarket
Parcels
05170_037 A001
In Opportunity Zone
Yes

Building Size

Building Size
Rentable Space
75,489 SF

Building Details

Type
 Multi-Family: High-Rise  
 Pending
Number of Buildings
1
Number of Units
999
Occupancy Type
Single Tenant
Percent Occupied
100%
Building Class
Building Status
Existing
Floors
6
Year Built
1913
Sprinklers
Parking Ratio

Land & Utilities

Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
OPPORTUNITY, HISTORIC, B3, R7 OVERLAY
Lot Depth
Lot Width

Contacts

Current Listings

Residential Conversion Opportunity

75,489 SF
The Boulos Company

Every once in a very long while, a door opens leading to a previously unavailable treasure. That door is opening at 45 Forest Avenue in Portland. This spectacular downtown building was constructed in 1913 by the “New England Telephone and Telegraph Company” and has been owned and occupied by the telephone company ever since. It has served as company offices, telephone operator space and in more recent years has housed switching equipment. Changes in technology have allowed consolidation of these functions into the adjoining buildings on Cumberland Avenue and Oak Street, thereby making this building available for redevelopment for the first time ever.

Built to last; this building has solid bones to support a variety of potential development schemes. Luxury rentals, condominiums, “micro-units”, student housing and more. The building footprint, with a “U-shape”, affords a surprisingly significant window opportunity and with frontage/access on Forest Avenue, Oak Street and Delano Court, the building offers a number of access and design possibilities. Concrete construction affords excellent sound-proofing and existing core features including elevator shafts and stairwells are in place for potential re-use.

The Boulos Company

Every once in a very long while, a door opens leading to a previously unavailable treasure. That door is opening at 45 Forest Avenue in Portland. This spectacular downtown building was constructed in 1913 by the “New England Telephone and Telegraph Company” and has been owned and occupied by the telephone company ever since. It has served as company offices, telephone operator space and in more recent years has housed switching equipment. Changes in technology have allowed consolidation of these functions into the adjoining buildings on Cumberland Avenue and Oak Street, thereby making this building available for redevelopment for the first time ever.

Built to last; this building has solid bones to support a variety of potential development schemes. Luxury rentals, condominiums, “micro-units”, student housing and more. The building footprint, with a “U-shape”, affords a surprisingly significant window opportunity and with frontage/access on Forest Avenue, Oak Street and Delano Court, the building offers a number of access and design possibilities. Concrete construction affords excellent sound-proofing and existing core features including elevator shafts and stairwells are in place for potential re-use.

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CIE

Source: NECPE

More Information

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