Developers Take Notice!
|Catylist Listing ID:
Residential (Single Family), Other
|Gross Land Area:
||$15,000 Per Acre
||Cash to Seller
Overview / Comments
DEVELOPERS TAKE NOTICE!! Great development opportunity to complete The River Estates Condominium Development, located on Kennebec Drive in Farmingdale. The site is close to the state capital, shopping, and the Kennebec River. This is a permitted subdivision with +/- 12.60 acres on 4 parcels of land. The plan is approved to build an additional 17 units. All the infrastructure is in place. The land cost percentage to total development cost is in the range of 12 to 15%. All that is needed is for a developer to construct the condominium units.
Attachments & Media
||The sites consist of 4 parcels on +/- 12.60 acres. Three are wooded and one is a field. Two parcels are located on Kennebec Drive, which is a paved town road. Two parcels are located on Violet Drive, which is a gravel road. All the infrastructure is in place.
||No comprehensive zoning plan
||Electric, Water, Gas, Sewer
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