Commercial, Institutional, and Industrial Growth Area

Vacant Land for Sale
Catylist Listing ID: 30699538
Property Subtypes: Agricultural, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail-Pad, Other
Gross Land Area: 42.25 Acres
Sale Price: $549,000
Unit Price: $12,994 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/27/2021

Overview / Comments

F.O. Bailey Real Estate is pleased to present this excellent commercial/institutional development opportunity. The site consists of approximately 42.25 acres with 1700 +/- feet of road frontage on Ricker Road and an additional 184 +/- feet on Bald Hill Road. The site consists of 14.5 acres of wetland, some open field area and some wooded area. The property has improvements consisting of a gravel driveway, culvert, detention pond, power on site and a cleared lay down area. Poland spring has an existing ground lease on site through 2022, they currently store miscellaneous materials and equipment. Approvals were granted at one time for a 7,400 SF Industrial Building. Commercial/Institutional growth areas have been identified for areas in which the town of New Gloucester would like to encourage commercial development nodes but where environmental concerns preclude heavy industrial use. 3.3 miles from I-95 and 3.5 miles from Route 26.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: NEWG-000013-000000-000024
Zoning: RB-2
Property Visibility: Excellent
Site Description: The area at the northern most tip of New Gloucester is well served by a major road (Route 122) and three-phase power, making it a good location for commercial development. Large undeveloped lots and limited residential development give this area potential for commercial uses with minimal impact on existing residential areas.
Lot Frontage: 1900
Topography: Gently Sloping
Available Utilities: Electric
Water Service: None
Sewer Type: None

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,145 21,137
Median Age: 42.23 40.92
Households: 2,474 8,758


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