INCREDIBLE WATERFRONT DEVELOPMENT OPPORTUNITY

Vacant Land for Sale
Catylist Listing ID: 30727005
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Vacation/Resort
Gross Land Area: 8.70 Acres
Sale Price: $10,900,000
Unit Price: $1,252,873 Per Acre
Sale Terms: Cash to Seller, Owner Financing, Sale/Leaseback, Other
Cap Rate: Undisclosed
Last Updated: 4/5/2024

Overview / Comments

This offering includes three significant development parcels strategically located on the Rockland waterfront; SteelPro and Schooner Wharf. These properties represent a transformational development opportunity for the right buyer/developer/investor. The property is zoned for hotel, residential condominium, apartments, retail, offices, restaurants, and marina uses. Zoning offers the ability to construct up two 65' along the Main Street and 40' nearer the water, The owner of Schooner Wharf has confirmed they would consider financing a qualified buyer.

Additional Details

Nearest MSA: Bangor
County: Knox
Submarket/Township: Waterville/Augusta
Submarket Type: Port District
Taxing Authority: City of Rockland, Maine
Tax ID/APN: 013-B/014-B/014-B/
Zoning: WF-3A AND WF-4
Property Located Between: Main Street and Rockland Harbor
Property Visibility: Excellent
Legal Description: book/page: 488,4023,488,0628- 0136,0163,2015,1973
Largest Nearby Street: Main Street
Highway Access: Main Street
Airports: Owls Head
Site Description: The Schooner Wharf/ SteelPro parcels represent the largest assembly of developable waterfront opportunities on the Maine coast. Nearly 7 acres and over 1000 feet of beach, dockage and deep water berthing available
Area Description: Rockland and mid coast Maine is a thriving year round region. The City itself has successfully retained its fishing and working waterfront legacy and has become a major tourist destination. Attractions include a vibrant arts community with the world famous Farnsworth Museum and the Wyeth Center. In addition, the Owls Head Transportation Museum, nationally recognized restaurants and ferry service to some of Maine's most well known islands.
Lot Frontage: 690 on Main Street and 1000 +/- water frontage
Zoning Description: Two zones: WF-3A allows for hotels, restaurant, marina, retail, office not residential/ WF-4 zone allows for hotels, restaurants, marinas, retail, office and mixed use residential.
Development Name: Schooner Wharf
In Flood Plain?: Yes
Topography: Gently Sloping
Easements: Electric Lines, Utilities
Easements Description: CMP book 309 pg 553.book 334 pg 74,book 270 pg267, book 303, pg 401, book 309, go 388, book 329, pg 34, book 362,pg 40, book 375 pg 495 book 501 pg 308 CPM/ NETT BK 498 P249 BK 512 P 550 NETT bk 361 p 275 City of Rockland sewer bk 680 p 260 Camden Rockland Water Co bk 1351 pg 202
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,021 9,124 14,673
Median Age: 42.63 45.01 45.45
Households: 2,835 4,315 6,669

Contact

Photograph of Listing Agent

Robert Baldacci

FO Bailey Real Estate
NECPE Member
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