Tourist Information/ Development Site

Expired Vacant Land for Sale
Catylist Listing ID: 30007786
Property Subtypes: Hospitality, Multi-Family, Retail, Retail-Pad, Vacation/Resort
Gross Land Area: 8.65 Acres
Sale Price: $500,000
Unit Price: $57,803 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Expired On: 9/28/2017
Last Updated: 9/28/2017

Overview / Comments

Offered for sale by the Town of Houlton, a 8.65 acre development site located at the intersection of Rte 1 South and Interstate 95. This location is approximately 3 miles from the Canadian border, and has Rte 1 traffic counts of approximately 17K per day. Property is ideally suited for redevelopment of Office, Retail, Dining, Hospitality and Lodging, or a blend of uses.

Condition(s) of Sale:

A. Site is currently being utilized as a Tourist Information Center/ Rest Area housed in a 2,000 sf structure centered in the lot with access lanes and parking. As a condition of the sale the new owner will maintain approx 900 sf of tourist info space to be staffed by the Maine Tourism Board. This 900 sf may be the existing structure, part of the new development, or located elsewhere on Rte 1 within reasonable proximity to its current location.

Additional Details

Nearest MSA: Bangor
County: Aroostook
Submarket Type: Other
Tax ID/APN: 028-0-006
Zoning: B2
Largest Nearby Street: Route 1
Traffic/Vehicle Count: 17,000
Highway Access: Property abuts the on ramp for I-295 South
Airports: Houlton International Airport
Site Description: 8.67 parcel of property located at the intersection of Rte 1 and Interstate I-295. Currently houses a single 2,000 sf Tourist Info Structure with Mens / Womens bathroom facilities. Level cleared acreage with utlities, ready for redevelopement
Lot Frontage: 700
Topography: Level
Easements: Utilities
Available Utilities: Electric, Water, Sewer
Water Service: Municipal

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,123 6,123
Median Age: 42.88 42.88
Households: 2,556 2,556


Photograph of Listing Agent

Erik Urbanek

SVN | The Urbanek Group
NECPE Member
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