12 Vera Lane Coastal Development Site

Vacant Land for Sale
Also listed as Hospitality, Special Purpose
Catylist Listing ID: 30475564
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Vacation/Resort, Other
Gross Land Area: 6.45 Acres
Sale Price: $2,200,000
Unit Price: $341,085 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/3/2019

Overview / Comments

Turn from US Route 1 into the driveway at the corner of Vera Lane and proceed straight beyond structures to the open site that has sweeping views over the Rachel Carson Preserve, the Webhannett River Estuary and the cottages at Wells Beach

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: York
Submarket Type: Central Business District
Taxing Authority: Town of Wells
Tax ID/APN: Map 117 Lot 51
Property Located Between: Mile Road and Littlefield Road
Property Visibility: Excellent
Largest Nearby Street: US Route 1
Traffic/Vehicle Count: 16,000
Highway Access: The site is located on US Route 1, Wells, and two tenths of a mile to Littlefield Road that leads to Old Marsh Country Club and to the "back roads" to Maine Turnpike Exit 19
Site Description: 6.45+/- acre development site with Route 1 frontage and access, public water and public sewer currently on site. The impressive site is on a private promontory adjacent to the Rachel Carson Preserve, with sweeping views over the Webhannett river estuary to cottages at Wells Beach. Flat tract of land that is located in Growth Zone which eliminates the need and expense of a DEP Site Location Permit (contact broker)
Area Description: Wells is a thriving and growing coastal town with increasing development of commercial, medical, residential, hospitality. The town has topped ranked schools, an Amtrak station, Direct Turnpike access, York County Community College, Old Marsh Golf Course, sparkling beaches and an active harbor/recreation area. Wells is a "Business Friendly" Town (contact broker)
Lot Frontage: 200+/- feet
Zoning Description: General Business District allows a variety of commercial uses, hospitality, medical, assisted living, healthcare, residential. Included in the Growth Area which facilitates development approvals
Topography: Level
Easements: Ingress/Egress
Easements Description: Deeded access from the property onto the Rachel Carson Preserve (contact broker)
Soil Type: Loam
Available Utilities: Electric, Water, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,279 4,182 11,997
Median Age: 53.57 56.71 51.03
Households: 1,078 2,032 5,317


Photograph of Listing Agent

Roxane A. Cole

Roxane Cole Commercial Real Estate, LLC
NECPE Member
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