Land - Development Opportunity in Topsham's Village Center

Vacant Land for Sale
Catylist Listing ID: 30499702
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad
Gross Land Area: 4.23 Acres
Sale Price: $1,800,000
Unit Price: $425,531 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2019

Overview / Comments

Located across the street from the Topsham Municipal offices and Public Safety building,
99 Main Street in Topsham is an excellent downtown development opportunity. The
Village Center zoning allows for a variety of uses on this currently vacant lot. This area is
envisioned for a mixed-use, high density development. The site served for many years as
the location of a prominent local engineering firm and is now ready for redevelopment.
Situated in the heart of Topsham's upper village, this location is a key parcel in the
future build out of the emerging neighborhood center.
The property is easily accessible to I-295 / Topsham Fair Mall. Excellent demographics and neighboring businesses, this is a unique development opportunity.

Additional Details

Nearest MSA: Portland-South Portland
County: Sagadahoc
Taxing Authority: Town of Topsham
Tax ID/APN: TOPM-000005-000000-000045U
Zoning: VILLAGE CENTER
Property Located Between: Gibbs Oil and Lee Nissan / US Postal Service
Property Visibility: Excellent
Legal Description: Situated on the Augusta Road, so called, also known as State Highway Route No. 201, at the junction of the Lewiston Road, so called, also known as State Highway Route No. 196, beginning at a granite monument set in the ground on the easterly sideline of the Augusta Road about one hundred fifty (150) feed, more or less, northerly from the corner of the Lewis Homestead (now or formerly); thence North 03 degrees 00 minutes East on the easterly sideline of said highway four hundred (400) feet to a granite monument and land now or formerly of E.C. Lewis, thence South 78 degrees, 00 minutes East five hundred forty-nine and twenty hundredths (549.20) feet to a granite monument and land now or formerly of Leon M. Howland; thence South 26 degrees 41 minutes 27 seconds West four hundred eight and seventy-one hundredths (408.71) feet to a granite monument and corner of land now or formerly of Howland and other land now or formerly of Lewis; thence North 78 degrees 00 minutes West three hundred eighty-two and ninety hundredths (382.90) feet passing over a mound of ledge outcrop to a granite monument and point of beginning.
Largest Nearby Street: Route 201
Feet of Frontage: 236
Highway Access: Less than 1 mile from I-295, Exit 31
Site Description: 4.23 acre vacant lot. Flat, grass with paved sections. Street trees. 1 small electrical building. Directions: Exit 31 for Topsham/Lisbon. Turn right onto ME-196 E/Lewiston Rd (signs for Topsham Fair Mall Rd). Continue to follow ME-196 E [0.6 mi]. Turn right onto Main St [0.1 mi]. Lot is after the Post Office and before Gibbs Oil Gas Station.
Lot Frontage: Approx 236 ft
Zoning Description: Village Center Zoning: The objective of the Village Center Zone is to provide for civic and mixed-use development opportunities, while utilizing buildings and streetscape components to define Main Street and promote a pedestrian friendly environment. New or renovated buildings shall be designed in a New England style in keeping with historic character of the Middle Village and recent developments in the Lower Village. Shared driveways and parking, limited curb cuts, new sidewalks and streetscaping, crosswalks, signage and other amenities will create a safe pedestrian environment. [Added 11-13-2008 STM, Art. 8; amended 5-20-2009 STM, Art. 15]
Topography: Level
Easements: Electric Lines, Other
Easements Description: Electrical easement and town bike path easement
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,223 19,551 29,144
Median Age: 43.14 42.28 42.66
Households: 1,018 8,336 12,156

Contact

© Copyright 2001-2019 Catylist. 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.