190 Gray Road

Vacant Land for Sale
Also listed as Multi-Family
Catylist Listing ID: 30367928
Property Subtypes: Multi-Family, Residential (Single Family), Other
Gross Land Area: 17.40 Acres
Sale Price: $1,000,000
Unit Price: $57,471 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/18/2019

Overview / Comments

Ideal site for health institutions on Gray Road, Route 26, in West Falmouth, just north of intersection with Mountain Road.

Falmouth Planning defines health institutions (conditional use) as, "A hospital, clinic, nursing home, boarding care facility and any other place for the treatment or diagnosis of human ailments other than a professional office."

Congregate Care, also a conditional use in the Village Mixed Use (VMU) District, is defined as "residential housing consisting of private apartments and central dining facilities and within which a congregate housing supportive services program serves elderly occupants."

Permitted uses include multi-family, residential planned developments, municipal and accessory uses, among others. Solar farm would be a permitted use if associated with the town.

West Falmouth Business District and I295 exit are 1.25 miles away. The site enjoys substantial visibility from I295. Additional land is available. Real estate taxes will need to be determined.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $1,111 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 1074
Zoning: VMU
Site Description: Former farm.
Lot Frontage: 150

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 15,071 59,830
Median Age: 43.01 41.52
Households: 5,739 24,192

Contact

Photograph of Listing Agent

Michael Rogers

Bean Group NECPE Member
© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.