4.34± ACRES - IDEAL FOR HIGH DENSITY RESIDENTIAL DEVELOPEMENT

Vacant Land for Sale
Catylist Listing ID: 30282312
Property Subtypes: Multi-Family, Residential (Single Family), Other
Gross Land Area: 4.34 Acres
Sale Price: $675,000
Unit Price: $155,529 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 6/13/2018

Overview / Comments

We are pleased to offer for sale the Cigri Drive development site located at the entrance to downtown Freeport, Maine just off US Route One. The land parcel consists of 4.34± acres making it ideal for high density residential development. Amenities include a private setting overlooking a beautiful pond, various land studies updated in 2018, a deeded lot for direct access to the site, and the potential to purchase additional land. The list of neighboring businesses is extensive with both major national retail brands and well-known local restaurants and boutiques. One of Maine’s largest outlet centers, Freeport is the home of LL Bean and offers a vibrant Main Street. The property is minutes from I-295 & Freeport’s Amtrak train station and is within twenty minutes of the Mid Coast Hospital and Portland International Jetport. This is an exceptional opportunity for developers looking for a signature location that offers all the amenities.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 101382
Zoning: VC-III / I-1
Property Located Between: Off Independence Drive off US Route One.
Property Visibility: Good
Largest Nearby Street: US Route One
Feet of Frontage: 999
Highway Access: Several minutes from I-295.
Airports: 20 minutes from Portland International Jetport
Site Description: Wooded, private, 4.34 +/- parcel of land abutting pond. Ideal for high density residential development.
Area Description: In close proximity shopping centers, Freeport's Retail District (home of LL Bean), restaurants, retailers, and residential communities.
Lot Frontage: See attached maps for details
Easements: Ingress/Egress
Easements Description: Cigri Drive (Land for road to access premises).
Soil Type: Mixed
Available Utilities: Other
Water Service: Other
Sewer Type: Other

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,485 8,530 17,404
Median Age: 42.12 43.77 45.4
Households: 710 3,536 7,219

Contact

The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.