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
Sale Price: $999,999
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
Cap Rate: Undisclosed
Last Updated: 5/18/2022

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

Additional Details

Nearest MSA: Portland-South Portland
County: York
Submarket Type: Redevelopment District
Tax ID/APN: 3437
Zoning: PORTLAND ROAD
Site Description: Slopes to small unnamed brook.
Lot Frontage: 190
Part of Planned Development?: Yes
In Flood Plain?: Yes
Topography: Gently Sloping

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,735 35,074 51,700
Median Age: 38.19 41.41 41.84
Households: 1,733 15,834 22,045

Contact

Photograph of Listing Agent

Michael Rogers

Bean Group NECPE Member
© Copyright 2001-2022 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.