Hard-to-find property featuring industrial zoning with broad potential applications. This property would also serve as an excellent development site for either commercial or residential. This well maintained single-family home includes a detached commercial garage with a large finished upper-level space complete with multiple bedrooms and bathrooms, a kitchen and open living room. This space is currently not permitted as a legal unit. Conveniently located just minutes from I-295, offering easy access for commuters, contractors or business owners alike. Relocate or establish your business here or bring your vision to this site!

Broker for this Listing:

Tony Galli &

Karla Galli- Mulkern

tony@greaterportlandrealty.com

karla@greaterportlandrealty.com

1041 Ocean Avenue

Portland, ME 04103

$1,149,000 | MLS #1661517 | Active
Listed by: Greater Portland Realty | Agent: Pamela Webb Audet
Source: Maine Listings | Date on Market: 5/11/2026

Property Type
Single Family Residence | Style: Bungalow | Year Built: 1938 | Zoning: I-M (Industrial-Manufacturing)

Dimensions
Finished Living Area: 1,038 sq ft | Lot Size: 0.54 acres | Price per sq ft: $1,107

Bedrooms & Baths
3 Bedrooms | 1 Full Bathroom | 1 Half Bathroom | Total Baths: 1.5

Room Layout
First Floor: Kitchen, Dining Room, Living Room, Bedroom 1
Second Floor: Bedroom 2, Bedroom 3

Interior Features
Convenient first-floor bedroom. Levels: Multi/Split. Flooring: Tile, Bamboo. Basement: Full (Interior Entry). Appliances included: Dishwasher, Microwave, Electric Range, Refrigerator. Heating: Baseboard, Hot Water. Cooling: None. No fireplace. Electric: Circuit Breakers.

Lot & Exterior Features
0.54-acre level lot. Detached commercial garage (3-car) with large finished upper-level space including bedrooms, bathrooms, kitchen, and living room (not currently permitted as a legal unit). Deck. Paved parking on site. Shingle roof. Wood frame, vinyl siding. Foundation: Poured concrete.

Location
Located on Ocean Avenue in Portland. Industrial-zoned with broad potential for commercial or residential development. Conveniently located minutes from I-295. Cumberland County.

Utilities
Public water. Private sewer. Electric: Circuit Breakers.

Quick Summary
Property Type: Single Family
Price: $1,149,000
Living Area: 1,038 sq ft
Lot Size: 0.54 acres
Bedrooms / Baths: 3 BR / 1.5 BA
Garage: 3-car detached (commercial)
Style: Bungalow
Year Built: 1938
Zoning: I-M (Industrial-Manufacturing)
Taxes: $7,522
Assessed Value: $330,600
MLS #: 1661517
Listed By: Greater Portland Realty