00 Portland Road Rt 1 Arundel, ME

$2,700,000
Acres 217.00
Photo of 00 Portland Road Rt 1 Arundel ME 04043




Description

As one of the largest undeveloped parcels of vacant land along the Route 1 corridor south of Portland, this 217-acre property offers multiple near and long-term investment opportunities. Approximately 70% of the land is located in Arundel, with the balance in Biddeford. The property has a combined 950± of frontage on Route 1, with 2 points of entry and is only 2.5 miles from the Maine Turnpike. Public water is available along Route 1. The land is located in the Business Industrial/Gateway/General Industrial zones with numerous permitted and conditional uses including manufacturing, medical facilities, lodging, planned mix use development, recreational facilities, and age-restricted residential development. In addition to the broad array of commercial activities, the property also has strong mitigation opportunities, with approximately 80 acres of wetlands (40% of the land) as identified in a recent Natural Resources Reconnaissance Report. The land abuts southern Maine's premier multiple use Eastern Trail, providing excellent recreational opportunities. Collectively, the attributes of this land, coupled with its prime location, offer excellent investment and collaboration options.


Listed by LandVest, Inc., Stephen Gauthier & Robert Ball 207-774-8518

Details

MLS 1612045
Status Active
Price $2,700,000
DOM 166 days
Type Lot/Land
Lot Size 217.00 acres
Taxes Paid $3,636

Lot & Building Features

Tax Year 24
Taxes Paid $3,636

Map

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Financing

$
20%
0.13466666666667%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


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