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7 Northern Ave - Riverfront Property Development-Up to 69 Unit 3.4 Acres of Commercial Land Offered at $483,000 in Auburn, ME 04210
INVESTMENT HIGHLIGHTS
- Stunning Riverfront Parcel Boasting Expansive Views of the Androscoggin River
- Less than a mile to the Auburn Transportation Center
- 10 Minute Stroll to Downtown
- Walking Distance to the Boat Launch
- Corner Lot with 4 Curb Cuts and Water/Sewer Access from all 3 Adjacent Streets
- Wetland Delination has been Completed
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $483,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 3.40 AC |
| Property Type | Land | ||
| Zoning | General Business District | ||
| Price | $483,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 3.40 AC |
| Zoning | General Business District |
1 LOT AVAILABLE
Lot
| Price | $483,000 | Lot Size | 3.40 AC |
| Price Per AC | $142,058.82 |
| Price | $483,000 |
| Price Per AC | $142,058.82 |
| Lot Size | 3.40 AC |
Corner lot with sewer and water access on all 3 adjacent streets. Total of 4 curb cuts. Walking distance to the North River Rd Boat Launch and less than a mile to the Auburn Tranportation Center providing Bus service from Portland / Boston.
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 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.
Presented by
7 Northern Ave - Riverfront Property Development-Up to 69 Unit
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