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Listed by Keller Williams Realty Metropolitan
$483,000
3.4 Acres Lot
UPDATED:
Key Details
Property Type Land
Listing Status Active
MLS Listing ID 1622815
HOA Y/N No
Annual Tax Amount $7,474
Tax Year 2024
Lot Size 3.400 Acres
Acres 3.4
Source Maine Listings
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 Auburn Tranportation Center providing Bus service from Portland to Boston. 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 downtown.
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. 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.
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 Auburn Tranportation Center providing Bus service from Portland to Boston. 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 downtown.
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. 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 Androscoggin
Zoning Business District
Body of Water Androscoggin River
Exterior
Parking Features No Driveway, On Site
View Y/N Yes
View Scenic
Street Surface Paved
Building
Lot Description Corner Lot, Intown, Near Shopping
Sewer None, Public Sewer
Water Public, None
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