80+ ACRE RESIDENTIAL DEVELOPMENT SITE

Vacant Land for Sale
Catylist Listing ID: 30840878
Property Subtypes: Residential (Single Family)
Gross Land Area: 80.90 Acres
Sale Price: $2,200,000
Unit Price: $27,194 Per Acre
In Opportunity Zone? Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/10/2024

Overview / Comments

Rare opportunity in Cook’s Corner! Commercial, multifamily and residential development options abound with four combined parcels totalling over 80 acres. Roughly 4,144+/- feet of frontage bordering four different roads allows for multiple design concepts. Cable, electricity, public water, and public sewer are all available. This is an excellent location just off Route One with many nearby amenities, easy access to I-295, and just over 30 minutes to Portland.



Financials

Finance Data Year 2023
Real Estate Taxes - Annual($) $29,628 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 042-020,031,034,035
Zoning: GR4, GM4, SHORELAND PROTECTION OVERLAY
Property Visibility: Excellent
Traffic/Vehicle Count: 8,870
Site Description: DESIGNATED MAIN STREET COMMUNITY WATER, SEWER AND ELECTRICITY AT STREET CONVENIENT LOCATION JUST OFF RTE 1 NEAR ALL BRUNSWICK AMENITIES
Lot Frontage: 4144

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 774 13,452 34,716
Median Age: 39.4 40.23 42.69
Households: 308 5,314 15,126

Contact

Photograph of Listing Agent

Kirk A Butterfield

Magnusson Balfour/KW Commercial a div. of Keller Williams Realty
NECPE Member
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