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    1903 Portland Rd Arundel, ME 04046

    For Sale
    $925,000

    High-traffic Route 1 location, 12 acres.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 12-acre commercial land parcel presents a unique investment opportunity in Arundel's vibrant Central Business District and Service Center. Strategically located on Route One, this property boasts excellent visibility and high traffic volume, ensuring maximum exposure for any business venture. Its proximity to Interstate 95 provides easy access to regional transportation networks, while the nearby major shopping centers and local beaches offer significant advantages for attracting customers and employees. The zoning designation, Downtown Business District, allows for a wide range of permitted uses, providing flexibility for diverse development plans (a detailed list of permitted uses is available upon request). A significant benefit is the pre-installed private driveway, simplifying access and site development. The land is currently being separated from a larger 25-acre parcel

    Property Features for 1903 Portland Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    522,720 SF
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Dental Office Wholesale Shop Gym & Fitness Auto Parts Store Hotel & Motel Kitchen & Bath Accounting Firm Storage Facility HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Arundel
    County
    York
    State
    Maine
    Longitude
    -70.50832
    Latitude
    43.43027

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic Route 1 location, 12 acres.
    Where is this commercial real estate located?
    The property is located at 1903 Portland Rd Arundel, ME.
    What is the asking price?
    The asking price for this property is $925,000.
    (207) 252-7474
    Request Owner's contact information
    1903 Portland Rd Arundel, ME 04046
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    Arundel, ME 04046
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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
    1903 Portland Rd Arundel, ME 04046
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