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    Vis Dr, Unit 18 Gorham, ME 04038

    For Sale
    $999,000

    COMMERCIAL - Gorham, ME

    Lot size:
    5.31 Acres
    Days on Market:
    296
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for Vis Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CO
    Lot size
    5.31 Acres

    EXP REALTY LLC (856) 207-1951 [email protected]

    Listing agent Amy Landry (888) 439-8743

    Listing date Feb 13, 2025

    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

    Gorham Land with Development Potential

    This 5.31-acre property is situated in a highly visible location in Gorham, Maine, offering both residential and commercial possibilities. It is approved for 11 residential units, with the potential for 24 units through Contract Zoning. The property benefits from easy access to downtown Gorham, Westbrook, and Gorham. It is adjacent to Maine Optometry and Martin's Point Health. A daily traffic count of over 7,000 vehicles presents potential buyers with various options and opportunities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Gorham
    County
    Cumberland
    State
    Maine
    Longitude
    -70.4722
    Latitude
    43.6907

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    FAQs

    What type of property is this?
    Commercial land - 5.31-acre Gorham property approved for 11 residential units.
    Where is this commercial land located?
    The property is located at Vis Dr, Unit 18 Gorham, ME.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: - 5.31 acre property approved for 11 residential units, with potential for 24 units via Contract Zoning.; - Located in a highly visible location with residential and commercial possibilities.; - High daily traffic count (7k+) offering various opportunities.
    (888) 439-8743
    Request Owner's contact information
    Vis Dr, Unit 18 Gorham, ME 04038
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    Gorham, ME 04038
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    Vis Dr, Unit 18 Gorham, ME 04038
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