Prime Multi-Family Development Site

Vacant Land for Sale
Catylist Listing ID: 30823062
Property Subtypes: Multi-Family
Building Status: Proposed
Gross Land Area: 3.04 Acres
Sale Price: $975,000
Unit Price: $320,723 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/30/2022

Overview / Comments

Prime 3+ acre site improved with a two family home and attached three level barn. The site is in the RC zone which allows one dwelling unit per 1650 sf of lot area offering an opportunity to develop up to 80 units. The land will provide seasonal views of the Kennebec River and the location is close to schools, shopping, government facilities and I 95.

Additional Details

Nearest MSA: Augusta-Waterville
County: Kennebec
Taxing Authority: Augusta, Maine
Tax ID/APN: 36/41/A/B
Zoning: RC
Property Visibility: Excellent
Largest Nearby Street: Oxford Street
Feet of Frontage: 395
Site Description: 3.04 acres of gently sloping land zone for multi-family development. The property is improved with a two family home and adjoining three level barn.
Lot Frontage: 395
Zoning Description: RC allows for multi-family development up to 80 units.
Topography: Gently Sloping
Available Utilities: Electric, Water, Sewer, Storm Drain, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,936 18,615 25,307
Median Age: 39.49 43.8 44.4
Households: 2,852 8,688 11,464


Photograph of Listing Agent

Robert Baldacci

FO Bailey Real Estate
NECPE Member
Photograph of Listing Agent

Thomas Gadbois

F.O. Bailey Real Estate
NECPE Member
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