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Pheasant Lane off Spencer Hill Road - 0 Pheasant Lane 11.98 Acres of Residential Land Offered at $899,000 in Sanford, ME 04073

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INVESTMENT HIGHLIGHTS

  • 12.5 acre development parcel with density as high as 10 units per acre!

EXECUTIVE SUMMARY

12.5 acre development parcel with density as high as 10 units per acre! Other land available at a different price for up to 27 acres of total land to be available. City water and city sewer are available at the street as well as power. Property had an old design for 8 lots but better suited for multifamily rentals or condos. Land is all dry and original road was opened up to the site. More land available if needed at a separate cost. Not many lots available for this kind of project. Surveyed as well.

PROPERTY FACTS

Price $899,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Planned Unit Development
Total Lot Size 11.98 AC
Zoning RD - Zoning is RD which means Residential Development and allows for up to 10 units per acre with a density bonus.

1 LOT AVAILABLE

Lot

Price $899,000
Price Per AC $75,041.74
Lot Size 11.98 AC

12.5 acre development parcel with density as high as 10 units per acre! City water and city sewer are available at the street as well as power. Property had an old design for 8 lots but better suited for multifamily rentals or condos. Land is all dry

DESCRIPTION

Property is open and elevated and is mostly dry. Has multiple access points and there is other land available for a total of 27 acres of potential land available.

  • Listing ID: 34425207

  • Date on Market: 1/9/2025

  • Last Updated:

  • Address: Pheasant Lane off Spencer Hill Road, Sanford, ME 04073

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