Lewiston SF & MF development opportunity

Vacant Land for Sale
Catylist Listing ID: 30819517
Property Subtypes: Mobile Home Park, Multi-Family, Residential (Single Family)
Gross Land Area: 23 Acres
Sale Price: $399,979
Unit Price: $17,390 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/9/2022

Overview / Comments

23 Wonderful acres in Lewiston situated close to the Railroad. Conveniently located just down the street from Bates College, minutes to Downtown Lewiston & Auburn. Easy access to I-95 for a commute to Augusta or Portland. Medium Density Residential zoning per City of Lewiston, great Single and Multi housing location opportunity! 'Medium-density residential district (MDR). (a) Statement of purpose. The purpose of the medium-density residential district is to provide areas within the city for the development of good quality multifamily housing at densities up to eight units per acre, and good quality single-family housing, at densities of up to two units per acre, including mobile homes where appropriate, while protecting established neighborhoods from undesirable impacts from these uses.' Access from Rejane Ave & College Street.

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $509 (Annual)

Additional Details

Nearest MSA: Lewiston-Auburn
County: Androscoggin
Tax ID/APN: LEWI-000113-000000-000018
Zoning: MDR: MEDIUM DENSITY RESIDENTIAL
Site Description: Access points from Rejane Ave and Right of Way on College Street, possible 7 additional acres direclty on College Street available for additional cost.
Lot Frontage: 50+ ft on Rejane Ave

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,297 35,730 58,662
Median Age: 44.56 35.91 38.25
Households: 550 14,902 24,815
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