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    Main St St Richmond, ME 04357

    For Sale
    $499,000

    Prime business park site near I-295.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 55-acre wooded property presents a unique development opportunity in Richmond, ME, a town experiencing growth and situated just 45 minutes from Portland, Maine. Its strategic location near Interstate 295 offers unparalleled access to major transportation routes, enhancing its appeal for businesses seeking efficient logistics. The property's proximity to the Maritimes & Northeast Pipeline provides a significant advantage for energy-related ventures or businesses requiring reliable energy infrastructure. The existing pipeline borders the land, creating a compelling opportunity for distribution infrastructure development. This project would not only benefit the property owner but also contribute significantly to the economic growth of Richmond and the surrounding area, which boasts a population of 3,800 residents and a 30-mile radius population of 350,000. The town of Richmond is actively exploring the expansion of water and sewer infrastructure to this section of town, further enhancing the property's development potential. This is a rare chance to acquire a substantial land parcel with significant existing and potential infrastructure advantages, making it ideal for a business park or other large-scale development. The property's wooded setting offers a blend of natural beauty and strategic location, creating a compelling investment opportunity. The asking price is $499,000.

    Property Features for Main St St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    2,395,800 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Richmond
    County
    Sagadahoc
    State
    Maine
    Longitude
    -69.79945
    Latitude
    44.08752

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Prime business park site near I-295.
    Where is this commercial real estate located?
    The property is located at Main St St Richmond, ME.
    What is the asking price?
    The asking price for this property is $499,000.
    (207) 990-3929
    Request Owner's contact information
    Main St St Richmond, ME 04357
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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
    Main St St Richmond, ME 04357
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