Catylist ID: #30774450
642-644 Main Street
Vacant Land for Sale
|Catylist Listing ID:||30774450|
|Property Subtypes:||Hospitality, Industrial, Multi-Family, Residential (Single Family), Retail, Retail-Pad, Self Storage, Other|
|Gross Land Area:||16.37 Acres|
|Unit Price:||$61,087 Per Acre|
|In Opportunity Zone?||Yes|
|Land Splits Available:||Yes|
|Adjacent Parcels Available:||Yes|
|Sale Terms:||Cash to Seller, Owner Financing|
Overview / Comments
Opportunity to acquire 16.37+/- acres with high density of 1,000 square feet per residential unit for age-restricted (55+) and disabled use. There is enough land and density to construct 200 +/- residential units, subject to engineering and approvals.
There are numerous other permitted uses available, including commercial, industrial, hospitality and storage. A corner pad site would be created with a new entrance which would work well for a bank or QSR (quick service retail).
Daily vehicle traffic count approaches 20,000, and I195 exit is two blocks south. Opportunity Zone Federal Investment Program is another benefit.
Nearby businesses include Sea Salt restaurant (next door), Southern Maine Health, Camden National Bank, Norway Savings Bank, Aroma Joe's and Gorham Bike & Ski, among others. Hannaford's, Starbucks, McDonald's, Wendy's and VIP, et al., are just south of the subject property.
$999,999, is a placeholder list price. Purchase price will be determined by the number of approved residential units
Attachments & Media
|Nearest MSA:||Portland-South Portland|
|Submarket Type:||Redevelopment District|
|Site Description:||Slopes to small unnamed brook.|
|Part of Planned Development?:||Yes|
|In Flood Plain?:||Yes|
|Proximity:||1 mile||3 miles||5 miles|
Michael RogersBean Group NECPE Member
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