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    323 Portland Rd Bridgton, ME 04009

    For Sale
    $3,250,000

    LAND - Bridgton, ME

    Lot size:
    15.00 Acres
    Days on Market:
    67
    Last Refresh:
    Dec 13 at 12:06 pm

    Property Features for 323 Portland Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Inner & Outer Corr
    Parking features
    Driveway
    Lot size
    15.00 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Oberg Insurance & Real Estate Agency Inc. (207) 647-5551 [email protected]

    Listing agent James Oberg (207) 647-5551

    Listing date Oct 8, 2025

    MLS# 1578320 Listing URL

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Development Land Available

    This 15-acre commercial development parcel is located in the town of Bridgton, situated at the intersection of Rt. 302 and Sandy Creek Rd. The site is zoned for over 100 apartment units, with additional pad sites available for development. Town sewer and water services are available. The property is suitable for a large commercial development or subdivision. The property comprises four separate parcels and features road frontage on Portland Rd (Rt. 302), Sandy Creek Rd, and Home Run Rd. Multiple entrance permits from the DOT are in place. A future traffic light at the intersection of Rt. 302 and Sandy Creek is under discussion between the Town of Bridgton and DOT. The zoning allows for apartment buildings, multifamily properties, and residential income properties.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bridgton
    County
    Cumberland
    State
    Maine
    Longitude
    -70.696475
    Latitude
    44.030597

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    FAQs

    What type of property is this?
    Commercial land - 15-acre commercial development parcel with town utilities and multiple access points.
    Where is this commercial land located?
    The property is located at 323 Portland Rd Bridgton, ME.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: - Zoned for 100+ apartment units with additional pad sites for further development.; - Includes 15 acres of land with town sewer and water.; - Located at the intersection of Rt. 302 & Sandy Creek Rd.
    (207) 647-5551
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    323 Portland Rd Bridgton, ME 04009
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