1590 Forest Avenue

Vacant Land for Sale
Catylist Listing ID: 30208933
Property Subtypes: Office, Residential (Single Family), Retail, Retail-Pad
Gross Land Area: 10,730 SF
Sale Price: $425,000
Unit Price: $39.61 PSF
Sale Terms: Cash to Seller, Owner Financing, Build-to-Suit, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 9/13/2018

Overview / Comments

Ideal opportunity for a developer / end-user to acquire an inbound lot on busy Forest Avenue (Rt. 302). With visibility and a daily traffic count exceeding 18,000, this B-1 zone land use would be optimal for a mixed-use development of commercial office/retail space on the first floor and residential condominiums on the two upper floors.

The dearth of available lots in this price range in this compacted North Deering business zone makes it an appealing development opportunity.

This pad site will benefit from an easement for egress and a portion of the parking area. Area represented is a portion of the entire lot.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 33410
Zoning: B-1
Property Visibility: Excellent
Site Description: Level site at corner of Forest Avenue (Rt. 302) inbound and Riverton School Access Road.
Lot Frontage: 74

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,759 69,826 115,511
Median Age: 36.87 38.6 38.75
Households: 4,174 30,576 51,584

Contact

Photograph of Listing Agent

Michael Rogers

Bean Group NECPE Member
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