7 Northern Ave - Commercial LAND FOR SALE


Auburn, ME 04210 148,104 SF
$483,000 USD
603-770-5199
7 Northern Ave, Auburn, ME for Sale
$483,000 USD
Commercial LAND - FOR SALE
1/7
148,104 SF

7 Northern Ave
Auburn, ME 04210


HIGHLIGHTS

  • Stunning Riverfront Parcel Boasting Expansive Views of the Androscoggin River
  • Walking Distance to the Boat Launch
  • Less than a mile to the Auburn Transportation Center
  • Corner Lot with 4 Curb Cuts and Water/Sewer Access from all 3 Adjacent Streets
  • 10 Minute Stroll to Downtown
  • Wetland Delination has been Completed

OVERVIEW

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 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. Water and sewer are available on all three adjacent 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.

FOR SALE DETAILS

PRICE

$483,000 USD

PRICE/ACRE

$142,059/AC

PRICE/SF

$3 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Riverfront Property Development-Up to 69 Unit

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Apartment Units, Apartment Units - Condo

LAND ACRES

3.4 AC

LAND SF

148,104 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Streets

ZONING

General Business District

APN/PARCEL ID

261-030

ASK ABOUT THIS PROPERTY

Douglas MartinKW Commercial Real EstateMore Info
603-770-5199

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Douglas MartinKW Commercial Real EstateMore Info
603-770-5199

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