Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30049846
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Other
Gross Land Area: 3.10 Acres
Sale Price: $397,000
Unit Price: $128,064 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/13/2017

Overview / Comments

Town of Cumberland development opportunity on 3.1 acres. Possible mixed use with up to 30 Residential units. The attached drawing shows one building with parking built underneath. Attached also is the Overlay Zoning approved by the town.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $1,100 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 100394
Zoning: COML
Property Visibility: Excellent
Site Description: Wooded with some ledge on Route One.
Lot Frontage: 300+/-
Zoning Description: Overlay Zone - see attached.
Topography: Gently Sloping

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,982 15,418 45,310
Median Age: 49.78 46.31 42.92
Households: 812 6,105 18,401

Contact

Photograph of Listing Agent

Ed Herczeg

TMREN COMMERCIAL Real Estate Brokerage
NECPE Member
© Copyright New England Commercial Property Exchange. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.