Opportunity to acquire 16.37+/- acres with high density of 1,000 square feet per residential unit for age-restricted (55+) and disabled use. There is enough land and density to construct 200 +/- residential units, subject to engineering and approvals. There are numerous other permitted uses available, including commercial, industrial, hospitality and storage. A corner pad site would be created with a new entrance which would work well for a bank or QSR (quick service retail).Daily vehicle traffic count approaches 20,000, and I195 exit is two blocks south. Opportunity Zone Federal Investment Program is another benefit.Nearby businesses include Sea Salt restaurant (next door), Southern Maine Health, Camden National Bank, Norway Savings Bank, Aroma Joe's and Gorham Bike & Ski, among others. Hannaford's, Starbucks, McDonald's, Wendy's and VIP, et al., are just south of the subject property.$999,999, is a placeholder list price. Purchase price will be determined by the number of approved residential units.
Listing courtesy of Bean Group.
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