Westerlea View Lofts

Multi-Family for Sale
Catylist Listing ID: 30053253
Property Subtypes: Mid-Rise, Mixed Use, Other
Building Status: Proposed
Number of Units: 54 Units
Building Size (RSF): 1 SF
Gross Building Area: See Agent
Gross Land Area: 0.33 Acres
Sale Price: See Agent
Property Use Type: Investment
Building Name: Westerlea View Lofts
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/6/2018

Overview / Comments

We are pleased to offer for sale a fully approved, 54-unit project consisting of 53 residential units and 1 commercial unit located at 75 Chestnut Street in Portland, Maine. Assets to be sold include the 0.33± acre parcel, all approvals for development of the project, all architectural and engineering work, and long-term rights to lease parking at market rates in the adjacent Chestnut Street Garage (one space per unit). This development opportunity is in walking distance to downtown businesses and amenities, has easy access to I-295 and local routes, and is part of Portland's vibrant peninsula scene. Please complete the attached CONFIDENTIALITY AGREEMENT for more information.


Finance Data Year 2017
Real Estate Taxes - Annual($) $1 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: Map 26, Block E
Zoning: B7
Highway Access: I-295
Airports: Portland International Jetport
Total Number of Buildings: 1
Parking Type: Structure
Zoning Description: Mixed-Use Development

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,297 76,290 111,973
Median Age: 33.75 37.97 39.29
Households: 13,638 35,576 50,379


Photograph of Listing Agent

Tony McDonald, CCIM/SIOR

CBRE | The Boulos Company NECPE Member
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