233 Limerock Street Rockland, ME 04841

This 9.84-acre parcel in Rockland, Maine, presents an exceptional development opportunity. The property is zoned for multi-family residences, allowing for up to 196 units. Located less than 1 mile from downtown, the oceanfront, and the ferry terminal servicing the islands, it is also a short drive to Knox County Regional Airport. The neighborhood already hosts multi-family housing developments. Several years of site plan work, due diligence, and planning have been completed by local real estate investors. Multiple site plans are available with a variety of configurations. The location is near the Knox County Regional Airport, Rockland Ferry Terminal, US Route 1, and Midcoast Rail Service. Rockland is considered the cultural and geographic hub of mid-coast Maine, with a thriving arts community, galleries, museums, theaters, and eateries. The city thrives on tourism and a robust workforce, ensuring a need for housing and a community committed to ongoing development. The owner welcomes serious investors or partnership offers toward completion, or outright purchase. Public utilities are accessible. A 120-unit configuration has an estimated ACV of $36 million, with under $20 million estimated build cost.