Approved and Permitted 38 Unit Condo/Multi-Family

Vacant Land for Sale
Catylist Listing ID: 30806337
Property Subtypes: Multi-Family
Gross Land Area: 7.15 Acres
Sale Price: $1,500,000
Unit Price: $209,790 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/15/2022

Overview / Comments

The Bethel Station Residence Development is on a picturesque 7.15-acre site at the crossroads of State Route 2 and State Route 26. Ideally located in the shadows of the western mountains and along the banks of the famous Androscoggin River, within 6 miles drive from the internationally known Sunday River Ski & Golfing 4 Season Resort.
The Residences multi-unit residential condominium development is walking distance from the village of Bethel, Maine. Across the street from the fabulously restored GEM Theatre. Downtown Bethel Village is quaint and charming with its locally-owned shops, theater, museums, and restaurants, all within walking distance of each other. Recent Bethel Station developments include a Bowling Alley with entertainment center, and Dunkin's coffee shop. The Historic Bethel Inn is in the village, as is the internationally recognized Gould Academy, a small, academically rigorous New England private prep school.
Area recreational amenities include fishing, boating, golf, and hiking,
The plans include 38 condominium units in a 3-story complex with plans that include a fitness center/community room, personalized storage for biking, skiing and fishing gear, outdoor open space connecting to over 1,500 acres of managed trails. The sustainable site design includes dedicated unit parking and EV charging. The project is a mix of 2 Bedroom and 3-Bedroom units with six of the ground floor units having 1-Bedroom with attached garage.
This is a shovel ready, fully approved project, with Brokerage, Architectural, and Project Management Services available. Detailed information available to qualified Buyers. Seller is a Maine Licensed Broker.

Additional Details

Nearest MSA: Lewiston-Auburn
County: Oxford
Submarket Type: Redevelopment District
Taxing Authority: Town of Bethel, Maine
Tax ID/APN: 25-239
Zoning: NONE
Property Visibility: Excellent
Feet of Frontage: 1,740
Site Description: Level lot and shovel ready for the approvals.
Lot Frontage: 1740
Zoning Description: No zoning, building codes only.
In Flood Plain?: Yes
Topography: Level
Easements: Utilities
Soil Type: Mixed
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,870 1,870
Median Age: 44.31 44.31
Households: 825 825

Contact

Photograph of Listing Agent

Gerry O'Connell

KW Commercial
NECPE Member
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