Approved Multi Family Redevelopment Opportunity

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30724219
Property Subtypes: Mid-Rise, Mixed Use, Other
Status: Pending/Contingent
Number of Units: 21 Units
Building Size (RSF): 8,160 SF
Gross Building Area: See Agent
Sale Price: $1,200,000
Unit Price: $57,142.86 Per Unit
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2021

Overview / Comments

Handsome historic brick building ideally suited for commercial owner-user, residential conversion or redevelopment. 8,160 +/- SF office/retail building on 22,200+/- SF of land in flexible B-2 zone with frontage on Stevens AVE and Bishop ST. The current owner has obtained planning board approval to convert the existing building to 5-unit mixed-use, and build an additional 16-unit building on the rear of the lot, materials available for review upon request, or from the City's CSS portal. Call for details.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 05170_293 D014
Zoning: B2
Property Located Between: Bishop Street, Stevens Ave, RT 302
Construction/Siding: Brick
Exterior Description: Historic Brick Building
Parking Description: Large parking lot
Heat Type: Natural Gas
Heat Source: Baseboard
Zoning Description: B2
Lot Frontage: 76.3 SF
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,680 73,047 118,088
Median Age: 39.38 37.55 39.02
Households: 5,534 33,610 52,764


Photograph of Listing Agent

Chris Sullivan

Vitalius Real Estate Group
NECPE Member
© Copyright 2001-2020 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.