Wormell Farm

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 29934292
Property Subtypes: Agricultural, Multi-Family, Residential (Single Family), Other
Status: Pending/Contingent
Gross Land Area: 95 Acres
Sale Price: $1,700,000
Unit Price: $17,894 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/6/2021

Overview / Comments

95 +/- acres remain (13.9 acres sold for $360,000 on October 1, 2020) of 111-acre Wormell Farm located just across the Presumpscot River from Portland's Riverside Golf Course. Ideal site for a mix of multi-family, duplex and single-family dwelling units in a condominium ownership.

Congregate care and nursing home are permitted uses too.

Public water and sewer are stubbed off at entrance on Rt. 302. Natural gas line runs though eastern part of the property. Can't get a better location so close to Portland yet retaining country appeal.

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

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 46,655 109,188
Median Age: 40.11 38.35
Households: 19,957 48,325

Contact

Photograph of Listing Agent

Michael Rogers

Bean Group NECPE Member
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