Buildable Lot, Portland's East End

Vacant Land for Sale
Catylist Listing ID: 30543874
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 0.12 Acres
Sale Price: $695,000
Unit Price: $5,791,666 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 3/18/2020

Overview / Comments

The combined lots of 30 & 32 Atlantic Street offer one of the very best building opportunities in Portland. At 5,195 total square feet, the building envelope is generous and supports 7 units. The curb cut already exists and full city utilities are readily accessible. Surrounding properties are well maintained and most have been comprehensively updated. Buy and build your dream home or buy and develop into what would be highly desirable condos in this coveted location. This combined lot could also be part of a larger expansion opportunity when combined with active neighboring listings. Upper units would have fantastic city, working harbor, and open ocean views. Opportunities in Portland don't get much better!

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $713 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: PTLD-000016-000000-F025001
Zoning: R6
Site Description: The combined lots of 30 & 32 Atlantic Street offer one of the very best building opportunities in Portland. At 5,195 total square feet, the building envelope is generous and supports 7 units. The curb cut already exists and full city utilities are readily accessible. Surrounding properties are well maintained and most have been comprehensively updated. Buy and build your dream home or buy and develop into what would be highly desirable condos in this coveted location. This combined lot could also be part of a larger expansion opportunity when combined with active neighboring listings. Upper units would have fantastic city, working harbor, and open ocean views. Opportunities in Portland don't get much better!
Lot Frontage: 50 Feet
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,912 69,002 114,794
Median Age: 33.87 37.77 39.41
Households: 6,203 32,753 51,551

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