FIRE SALE- rebuild the Edward McClellan House

Multi-Family for Sale
Catylist Listing ID: 30409950
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden, Mid-Rise, Student Housing, Other
Number of Units: 7 Units
Building Size (RSF): 3,896 SF
Gross Building Area: See Agent
Gross Land Area: 0.59 Acres
Sale Price: $225,000
Unit Price: $32,142.86 Per Unit
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/29/2020

Overview / Comments

We are pleased to offer a historic tax credit development project for a savvy investor or builder in Gorham Village & next to University of Southern Maine. The 'Alexander McClellan House' is a former home that burned and is in process of being approved for a 7 unit apartment building. This is a burnt building shell and in need of a complete redevelopment.

See the attachments for scope of work, survey, building plans, and historic tax credit information.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 102/5
Zoning: UR
Percent Occupied: 0%
Total Number of Buildings: 1
Property Condition: Poor
Number of Stories: 25
Year Built: 1803
Roof Type: Gable
Construction/Siding: Wood Siding
Parking Type: Surface
Total Parking Spaces: 15
Sprinklers: None
Heat Type: Other
Heat Source: Other
Fuel: Other
Internet Access: Other
Zoning Description: UR
Water Service: Municipal
Easements: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,477 11,682 33,902
Median Age: 39.48 39.1 39.54
Households: 1,325 3,964 12,895
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