Prime Residential Development Site

Vacant Land for Sale
Catylist Listing ID: 30293029
Property Subtypes: Multi-Family, Other
Gross Land Area: 56.40 Acres
Sale Price: $2,100,000
Unit Price: $37,234 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2020

Overview / Comments

We are pleased to offer 56.4± acre residential development parcel for sale in Scarborough, Maine, one of the fastest growing communities in the state and a suburb of dynamic and sought after Portland, Maine. The site is ideally located just minutes south of Portland with easy access via the Maine Turnpike, I-295 and U.S. Route 1. Scarborough offers a thriving commerce in a charming and scenic coastal town - a premier community for families, businesses and a destination for outdoor enthusiasts. Contact the listing brokers for more information about this investment opportunity.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: Map R038, Lot 1 and 1A
Zoning: TVC3 & RF
Property Located Between: Frontage on Mussey and Gorham Roads
Property Visibility: Good
Highway Access: Maine Turnpike, I-295 and Route 1
Airports: Portland International Jetport
Site Description: New development
Lot Frontage: 1321
Zoning Description: Town and Village Center Fringe (TVC3) and Rural Residence Farm (RF)
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,621 23,453 101,753
Median Age: 41.67 41.26 39.04
Households: 1,085 9,428 45,305


Photograph of Listing Agent

Tony McDonald, CCIM/SIOR

The Boulos Company NECPE Member
Photograph of Listing Agent

Jonathan Rizzo

The Boulos Company
NECPE Member
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