East Bayside: Fantastic Development Opportunity!

Vacant Land for Sale
Also listed as Industrial
Catylist Listing ID: 30282001
Property Subtypes: Industrial, Retail, Other
Gross Land Area: 0.14 Acres
Sale Price: $499,000
Unit Price: $3,564,285 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/31/2018

Overview / Comments

Fantastic development opportunity on the Portland Peninsula in East Bayside. Join the vibrant business community including Lone Pine Brewing, Coffee By Design, Rising Tide Brewing Company, Whole Foods, Urban Farm Fermentory, etc. I-Lb industrial zone allows breweries, bakeries, bottling, publishing, pharmaceuticals, electrical assembly, research & development, commercial kitchens, repair services, registered medical marijuana cultivation facilities, studios, and many other uses. Unique, elevated lot may offer panoramic views of the Back Cove when developed. Parcel benefits from driveway easement which allows additional parking and access. Utility improvements already in place; two water lines (sprinkler and domestic), sewer, electric, and natural gas. Easy access to Interstate 295 and Downtown Portland. Walking distance to the Portland Trail system, Back Cove, Munjoy Hill, and the Old Port. Seller will consider trade for apartment building or other commercial property.
*Tax amount reflects lot 10-A-13 only. City has not determined taxes for lot 10-A-3.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $2,120 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 207AndersonStreetPortlandMaine04101
Zoning: I-LB
Property Visibility: Excellent
Largest Nearby Street: Marginal Way and Washington Avenue
Feet of Frontage: 61
Highway Access: Interstate 295
Site Description: Open site.
Area Description: Walking distance to the Portland Trail system, Back Cove, Munjoy Hill, and the Old Port.
Lot Frontage: 61
Zoning Description: I-Lb
Topography: Gently Sloping
Easements: Other
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,365 74,352 114,926
Median Age: 34.06 37.85 39.33
Households: 6,891 34,907 51,395

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