Development Sites from 2 to 92 Acres

Vacant Land for Sale
Catylist Listing ID: 28642108
Property Subtypes: Hospitality, Office, Retail, Self Storage, Other
Gross Land Area: 2 - 92 Acres
Sale Price: $295,000 - 2,490,000
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/5/2021

Overview / Comments

Development Opportunities from 2 to 92± Acres

Route 2 (Wilton Road)

The state’s major east/west highway from New Hampshire to Bangor Centrally located in the area’s heavily traveled commercial corridor between Hannaford and Wal-Mart

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Additional Details

Nearest MSA: Augusta-Waterville
County: Franklin
Submarket/Township: ME-Other
Tax ID/APN: 999999
Road Type: Paved
Property Visibility: Excellent
Feet of Frontage: 650
Traffic/Vehicle Count: 31,000
Transportation: Highway
Highway Access: Route 2
Site Description: The parcels of land are situated on Routes 2 and 4 just south of Farmington’s historic downtown and located between Hannaford and Wal-Mart. Route 2 is the state’s major east west highway leading from New Hampshire to Bangor (and continuing by Route 9 to Canada). It is also the principle route which funnels traffic to Maine’s three largest skis areas – Sugarloaf, Saddleback and Sunday River as well as to both Rangeley Lakes, a four season tourist destination, and to Quebec Province to the northwest via Route 27. Farmington is the county seat of Franklin County with regional administrative buildings including the registry of deeds, courthouse and a Department of Health and Human Services office. It is a prime commercial hub of western Maine and the foothills area. It has a local population of almost 8,000 people; however, it draws people from all parts of Franklin County and beyond with a trade area which includes just under 60,000 people within 20 miles. Farmington draws from beyond this range, but more so, for residents who live to the west and northwest in towns that include Rangeley, Carrabassett Valley, Stratton, Kingfield and Emden among others.
Area Description: Farmington is the home of the University of Maine at Farmington, along with their auditorium hosting regional events, Franklin Memorial Hospital (also serving the region), the Lillian Nordica Homestead as well as the Farmington Fair. The parcels present development opportunities that can range from three to 92 contiguous acres and that could support the construction of a something as small as a branch bank or fast food restaurant to as large as national box store. Businesses in the area of Route 2 & 4 near the subject parcels include Hannaford, Wal-Mart, Pizza Hut, Subway, Burger King, KFC-Taco Bell, Harvest House, Hight Chevrolet, Farmington Ford, Farmington Chrysler Jeep, Irving, Rite Aid, Aubuchon Hardware, Bangor Savings Bank, Camden National Bank, Comfort Inn and Franklin Memorial Hospital among others. A senior housing project, Western Glen, is projected for development later this year on a parcel adjoining and just south of the Harvest House. One should note that both Wal-Mart and Rite Aid expanded their original stores sizes since entering the Farmington market.
Lot Frontage: 270-1450
Zoning Description: General Purpose (GP), Farm & Forest (FF)
Topography: Level
Available Utilities: Water

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,973 7,353
Median Age: 42.8 43.17
Households: 1,214 3,040


Photograph of Listing Agent

John F. Doyon, CCIM

Malone Commercial Brokers NECPE Member
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