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Listed by Doug Martin • Keller Williams Realty-Metropolitan
$ 483,000
Est. payment | /mo
3.4 Acres Lot
$ 483,000
Est. payment | /mo
3.4 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5041317
Lot Size 3.400 Acres
Acres 3.4
Property Description
Exceptional Opportunity for Riverfront Development of Up to 69 Residential Units at Market Rate Discover a remarkable chance to develop up to 69 residential units on this stunning riverfront property, boasting expansive views of the Androscoggin River. Walking distance to the North River Road Boat Launch and less than a mile to the Tranportation Center.Situated in a desirable general business district zoning, this location benefits from water and sewer access at the street. A wetland delineation has already been completed, and it's just a 10-minute stroll to dwntn. Property Details *This corner lot allows for 17 units per acre with an additional 20% density bonus. *The property presents immense potential, including: - Two beautiful, four-story multi-unit buildings - Breathtaking sunrise views over the river - Rooftop deck - Ample garden and recreation space - A mix of studio, one-bedroom, and two- bedroom units - Balconies and parking surrounding the buildings With its corner lot location, each building can feature two curb cuts, providing access from three different streets. Water and sewer are available on all three adjacent streets. The seller has received encouraging feedback from the town regarding the preliminary plan. We are selling just the land. 3.4 Acres will be subdivided off the mother lot. No riparian water rights.
Location
State ME
County Me-androscoggin
Area Me-Androscoggin
Zoning General Business District
Body of Water River
Exterior
Utilities Available Cable - Available, Telephone Available
Waterfront Description Yes
View Y/N Yes
View Yes
Building
Sewer Public Sewer at Street
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