38 Acres - Village District of Litchfield, ME

Vacant Land for Sale
Catylist Listing ID: 30798715
Property Subtypes: Agricultural, Hospitality, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Self Storage, Other
Gross Land Area: 38 Acres
Sale Price: $355,000
Unit Price: $9,342 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/18/2022

Overview / Comments

A prime opportunity to own 38+/- acres of open land in the growing Village District of Litchfield, Maine. "The village districts are designated to include three of the Town's traditional higher density and older commercial areas. The district is intended to accommodate primarily residential development. However, some service, retail and municipal uses will be permitted. The goal is to over time more clearly define the village areas by encouraging a denser pattern of development that incorporates some traditional design elements such as walking paths and proximity to some services and recreation."
This 38-acre parcel is the approximate sum of two abutting lots: A 22.65 acre lot having its own deed; and a 15.58-acre lot having its own deed. Both lots will transfer simultaneously at closing. 0 Academy Rd is conveniently located near Litchfield's grocery store, restaurants, gas station, 18-hole golf course, schools, hardware store, town office, transfer station, and is easily accessible from Exit-43, I-295. (The lines drawn on the aerial photos illustrate the approximate land boundaries. Sign on Property.

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $1,109 (Annual)

Additional Details

Nearest MSA: Augusta-Waterville
County: Kennebec
Tax ID/APN: 0AcademyRdLitchfieldME04350
Zoning: VILLAGE DISTRICT
Property Visibility: Excellent
Largest Nearby Street: Academy Road, Richmond Road (Route 197)
Site Description: Open; Level; Pasture/Field; Agriculture; Farm; Right of Way.
Lot Frontage: Right-of-Way
Zoning Description: Village District Dimensional Requirements per Town of Litchfield Land Use Ordinance 2020: Minimum lot size (1,4): 1 acre; Road frontage (town) road, lane, common: 100 ft.; Road frontage (private): road, lane, common driveway (3): 100 ft.; *See attachments to view the full Table of Dimensional Requirements.
Topography: Gently Sloping
Easements: Ingress/Egress
Easements Description: Access to property will be via a 60 foot right-of-way located at 410 Academy Rd.
Water Service: None
Sewer Type: None

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,763 9,318
Median Age: 40.77 40.95
Households: 1,427 3,593

Contact

Photograph of Listing Agent

Tammy L. Densmore

Hoang Realty NECPE Member
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