Excellent Development Opportunity
Vacant Land
for Sale
| Catylist Listing ID: |
30854743 |
| Property Subtypes: |
Multi-Family
|
| Gross Land Area: |
17.88 Acres
|
| Sale Price: |
$725,000 |
| Unit Price: |
$40,548 Per Acre |
| Sale Terms: |
Purchase Money Mortgage |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/25/2024 |
Overview / Comments
|
Excellent development opportunity – approved for up to 400 residential units!!! Civic Center Drive location, 17.88 acres, over 500 feet of road frontage, surveyed with site plans. Near Interstate 95, Maine General Hospital, the new VA Home, Marketplace Mall, Augusta Civic Center, etc. A great location for multifamily housing, city water and sewer, wonderful building parcel with scenic and pleasant westerly views. Architectural plans/prints available for 2 buildings, a 32 unit – 4 story building, and a 10-unit Townhouse. A rare find - a large development site for new apartments – there is a big need for more housing! Condominiums are also a possibility. Create your own residential neighborhood with a portfolio of multifamily buildings. May be a good candidate for affordable housing with Maine State Housing program. Call for more details. A great investment opportunity! Broker owned.
|
Additional Details
| Nearest MSA: |
Augusta-Waterville |
| County: |
Kennebec |
| Tax ID/APN: |
11020_00005 00029 00000 |
| Zoning: |
COMMERCIAL |
| Property Visibility: |
Excellent |
| Site Description: |
Excellent development opportunity – approved for up to 400 residential units!!! Civic Center Drive location, 17.88 acres, over 500 feet of road frontage, surveyed with site plans. Near Interstate 95, Maine General Hospital, the new VA Home, Marketplace Mall, Augusta Civic Center, etc. A great location for multifamily housing, city water and sewer, wonderful building parcel with scenic and pleasant westerly views. Architectural plans/prints available for 2 buildings, a 32 unit – 4 story building, and a 10-unit Townhouse. A rare find - a large development site for new apartments – there is a big need for more housing! Condominiums are also a possibility. Create your own residential neighborhood with a portfolio of multifamily buildings. May be a good candidate for affordable housing with Maine State Housing program. Call for more details. A great investment opportunity! Broker owned. |
| Lot Frontage: |
500+ ft |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,252 |
9,790 |
21,195 |
| Median Age: |
44.14 |
42.28 |
44.07 |
| Households: |
547 |
4,610 |
9,732 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
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