1955-1967 Congress St - Commercial LAND FOR SALE


Portland, ME 04102- Stroudwater30,492 SF
$650,000-$1,300,000 USD
207-670-0000
1955-1967 Congress St, Portland, ME for Sale
$650,000-$1,300,000 USD
Commercial LAND - FOR SALE
1/18
30,492 SF

1955-1967 Congress St
Portland, ME 04102
Stroudwater


HIGHLIGHTS

  • Exceptional location with heavy traffic
  • Minutes to airport, shopping and more
  • Alongside bus stop
  • Multiple development and income producing possibilities

OVERVIEW

Rare Development Opportunity – Congress Street | Portland, Maine - Seconds from the Airport Don’t miss this unique development opportunity on highly traveled Congress Street, just seconds from Portland International Jetport, Maine Mall, Unum, major medical facilities, and downtown Portland. This offering includes two contiguous lots totaling approximately 0.7± acres, with zoning with the possibility that allows for multiple development possibilities. Property lines in pictures are approximations as a guide. Actual property lines should be confirmed. Property lines in photos are estimates Property Highlights: Prime Congress Street frontage Potential secondary egress onto road in rear of property Three existing curb cuts/driveway entrances Existing income in possible with rental units on both ends of the property Two garages on site Flexible site layout ideal for infill development Development Concepts (Examples): Retain existing houses for income, remove garages, and develop a medical building, dental office, or professional services building in the center Mixed-use configuration Owner-user with income offsets Phased development approach Existing rentals could potentially carry a significant portion of the mortgage, reducing holding costs during development. Investment Structure Flexibility: Discounted pricing for purchase of both lots together Potential for individual lot sale Seller financing available Seller open to development partnership This is a rare infill opportunity in a high-demand commercial corridor with existing income, multiple access points, flexible zoning, and proximity to Portland’s strongest employment and retail drivers. Has a few potential rentals on the ends of the property and has 2 garages etc1 possibility would be keep the houses and tear down garages and put a medical building or dental office in the center. Houses would pay for the mortgage on the property depending. Discounted for sale of 2 lots. 1 lot could possibly be purchased on its own. Seller financing available. Willing to possibly partner on development.

FOR SALE DETAILS

PRICE

$650,000-$1,300,000 USD

PRICE/ACRE

$1,857,143/AC

PRICE/SF

$43 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units, Apartment Units - Condo, Apartment Units - Dorms, Apartment Units - Senior, Apartment Units - Subsdzd, Bank

LAND ACRES

0.7 AC

LAND SF

30,492 SF

OFFSITE IMPROVEMENTS

-

ZONING

R-P

APN/PARCEL ID

PTLD-000216-000000-A003001,PTLD-000216-000000-A011001

ASK ABOUT THIS PROPERTY

Jeff MaiettaJeff MaiettaMore Info
207-670-0000

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Jeff MaiettaJeff MaiettaMore Info
207-670-0000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.