Industrial Redevelopment Opportunity

Vacant Land for Sale
Sale Pending/Contingent
Also listed as Industrial
Catylist Listing ID: 30404979
Property Subtypes: Industrial
Status: Pending/Contingent
Gross Land Area: 7 Acres
Sale Price: $450,000
Unit Price: $64,285 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/5/2019

Overview / Comments

We are pleased to offer a rare industrial redevelopment opportunity at 586 Spring Street in Westbrook. The property is located adjacent to the Five Star Industrial Park and currently zoned for industrial use (IPD). Use the residential income while building your company’s next home.


Finance Data Year 2019
Real Estate Taxes - Annual($) $1 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Submarket/Township: Greater Portland
Tax ID/APN: Map
Zoning: IPD
Property Visibility: Excellent
Site Description: 7 acres of land with two residential houses totaling 1,274 SF
Lot Frontage: 1
Easements: Electric Lines
Easements Description: CMP has an easement on the property. See broker for details.
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,471 30,550 104,145
Median Age: 39.23 38.8 38.56
Households: 2,330 12,619 44,626


Photograph of Listing Agent

Samuel LeGeyt

NAI The Dunham Group
NECPE Member
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