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: |
7/23/2021 |
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.
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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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