27± Acre Development Site

Vacant Land for Sale
Catylist Listing ID: 30716751
Property Subtypes: Hospitality, Office, Retail, Other
Gross Land Area: 27 Acres
Sale Price: $320,000
Unit Price: $11,851 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/20/2021

Overview / Comments

27 acres for development on the corner of Bridges Drive and Payne Road
Easy access from Exit 45 of I-95 and tremendous turnpike visibility
Less than 1 mile from the Maine Mall and in close proximity to Marden’s, Sam’s Club, Walmart, Lowe’s, Bob’s Discount Furniture, Home Goods and other Gallery Boulevard retailers.
Ideal for commercial development

Financials

Finance Data Year 2021
Assessed Value - Total($) $720,000 (Annual)
Real Estate Taxes - Annual($) $14,112 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Taxing Authority: Town of Scarborough
Tax ID/APN: Map R39, Lot 21
Zoning: B3 - GENERAL BUSINESS
Property Located Between: Frontage on Payne Road and Bridges Drive
Property Visibility: Excellent
Largest Nearby Street: Payne Road
Highway Access: Maine Turnpike Exit 45
Airports: Portland International Jetport
Site Description: Corner of Payne Road and Bridges Street
Area Description: Retail, professional office, general business services
Lot Frontage: Unknown
Zoning Description: General Business
Topography: Level

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 13,988 86,174
Median Age: 40.15 39.24
Households: 5,513 36,552

Contact

Photograph of Listing Agent

Daniel Greenstein

The Boulos Company NECPE Member
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