Wormell Farm
Vacant Land
for Sale
| Catylist Listing ID: |
29934292 |
| Property Subtypes: |
Agricultural, Multi-Family, Residential (Single Family), Other
|
| Gross Land Area: |
111 Acres
|
| Sale Price: |
$2,400,000 |
| Unit Price: |
$21,621 Per Acre |
| Land Splits Available: |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
8/28/2020 |
Overview / Comments
At 111 acres, Wormell Farm is the largest available development site in Greater Portland and located just across Presumpscot River from Portland's Riverside Golf Course. Ideal site for a mix of multi-family, condominiums, single-family units, nursing home and congregate care, all permitted uses. Public water and sewer are stubbed off at entrance on Rt. 302. Natural gas line is on Brook Street east of the site. Can't get a better location so close to Portland yet retaining country appeal.
Wormell Farm’s size, layout, features and location make it appealing to developers seeking economies of scale and the option for phased development.
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Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
Cumberland |
| Tax ID/APN: |
019-029 |
| Zoning: |
RGA-2 |
| Largest Nearby Street: |
Riverside Street |
| Traffic/Vehicle Count: |
16,080 |
| Site Description: |
Former Wormell Farm has rolling hills, meadows, brook and 2,210' +/- frontage along Presumpscot River. |
| Lot Frontage: |
3000 |
| Zoning Description: |
Residential Growth Area 2 |
| Part of Planned Development?: |
Yes |
| Development Name: |
Wormell Farm |
| In Flood Plain?: |
Yes |
| Topography: |
Rolling |
| Easements: |
Pipelines, Electric Lines, Utilities |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
46,655 |
109,188 |
| Median Age: |
40.11 |
38.35 |
| Households: |
19,957 |
48,325 |
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