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: 10/30/2020

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.

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


Photograph of Listing Agent

Michael Rogers

Bean Group NECPE Member
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