Pre-Approved Development adjacent to Maine Casino

Vacant Land for Sale
Sale Pending/Contingent
Also listed as Retail-Commercial, Hospitality
Catylist Listing ID: 29935387
Property Subtypes: Agricultural, Hospitality, Office, Residential (Single Family), Retail, Retail-Pad, Vacation/Resort, Other
Status: Pending/Contingent
Gross Land Area: 10.74 Acres
Sale Price: $100,000 Per Acre
Total Price: $1,074,000
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 7/28/2017

Overview / Comments

Pre-approved sub-division permitted in 2014 as part of 93 +/- acre development and sub-division.
Mixed use development providing commercial, recreational residential and a family friendly destination facilities which support, compliment, and enhance the existing Oxford Casino that has a 109 room Hotel currently under construction, expected to be completed Fall 2017 and existing Hampton Inn Hotel.

899,842 sf of Total Buildable Area or 20.66 acres
96,000 Square feet of Retail
12,800 Square feet of Conference Space
210 Hotel Rooms
158 Residential/Seasonal/Senior Living Units
New Municipal Water & Sewer
Located TIF District

Additional Details

Nearest MSA: Lewiston-Auburn
County: Oxford
Submarket Type: Other
Tax ID/APN: 000-000-000
Zoning: VILLAGE
Market Type: Rural
Property Located Between: Casino Way and Rabbit Valley Rd
Property Visibility: Excellent
Largest Nearby Street: Rte. 121 Mechanic Falls Rd
Feet of Frontage: 3,000
Traffic/Vehicle Count: 10,000
Highway Access: Rte 26 direct route to I95/Maine Turn Pike
Airports: Oxford Regional & Auburn-Lewistion
Site Description: Vacant farm land with pre-approved sub-division permitted in 2014 through the Maine DEP Site Location of Development Act.
Area Description: Property is located on Maine's unofficial East/West Highway route 26 in Oxford Maine adjacent to New England's Famous Oxford Casino and 40 minute drive from historic ski Mountains Sunday River/Mount Abrams/Shawnee Peak. The property is located in a T.I.F District and the Town of Oxford has Invested to bring municipal sewer and water service to the site. To be completed by Spring 2016.
Lot Frontage: 3000
Zoning Description: Mixed use
Part of Planned Development?: Yes
Development Name: Crestholm Village
Topography: Hilly
Soil Type: Clay
Available Utilities: Electric, Water, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,075 8,961
Median Age: 41.65 42.21
Households: 2,442 3,615

Contact

Photograph of Listing Agent

Patrick Casalinova

KW Commercial NECPE Member
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