Available For Sale - Multifamily

1,613 SF | Show Pricing $

LISTED BY

Dana Trumann
eXp Commercial, 207-749-3618

AVAILABILITY DETAILS

Size
1,613 SF
Price/SF
Show Pricing $
Listing ID
SA561822
Notes
Development opportunity: 272 apartments or 68 single family homes? 34+ acres, 2 parcels for sale. Located less than 2.5 miles just down the street from Bates College (that is why it is called College Street...), minutes from WalMart, The Home Depot, Hobby Lobby, Starbucks and other shops in vicinity of The Auburn Mall, under 1 hour drive time to The Portland International Jetport or Sebago Lake, 2.5 hours drive time to Fenway Park, or Boston Logan Airport. The 1st parcel is 832 College Street and has 200' ft. +/- of road frontage, contains 7 acres, a 3 bedroom, 2 bath, 1600+/- sq.ft. home with an updated kitchen on a full foundation and garage. The 2nd parcel is 816 College Street Rear, has 27+ acres of undeveloped land that abuts 832 College Street and is also accessible from Rejane Ave, which the seller recently received approval from the City of Lewiston to continue to the property line providing 2 access points to the 34+ acres. Medium Density Residential zoning per City of Lewiston. “Medium-density residential district (MDR). (a) Statement of purpose. The purpose of the medium-density residential district is to provide areas within the city for the development of good quality multifamily housing at densities up to eight units per acre, and good quality single-family housing, at densities of up to two units per acre, including mobile homes where appropriate, while protecting established neighborhoods from undesirable impacts from these uses”
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Dana Trumann, eXp Commercial
BRE# BR913141