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    66 Ossipee Trl East Standish, ME 04084

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    For Sale
    $1,080,000

    25-acre approved multifamily development site with 60-unit potential.

    Lot size:
    25.54 Acres

    Property Features for 66 Ossipee Trl East

    General Information

    Lot size
    25.54 Acres

    Source: The Boulos Company Agent Noah Stebbins

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Approved Multifamily Development Site

    This is an approved 25-acre multifamily development site. The approvals allow for a 5-building, 60-unit apartment complex. The property offers an opportunity to deliver housing in a high-demand submarket with limited new supply, located minutes from the Lakes Region and a short drive to Greater Portland’s employment centers. It features frontage along Route 25 (Ossipee Trail East), offering visibility and accessibility. The site is located along a major commuter route, neighboring Colonial Marketplace, George E Jack School, and several local and national retailers and medical users, including Dunkin’, Subway, Domino’s, Family Dollar, Standish Family Dental Health, and VCA Standish Animal Hospital. There is potential for further development in addition to the 60-unit parcel.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Spa & Massage Hair Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Standish
    County
    Cumberland
    State
    Maine
    Longitude
    -70.54633
    Latitude
    43.73339

    Nearby Similar for Sale

    • $249,900
      3,071 SF

      Historic Standish Property with Charm

      Unique Standish property with historic charm and business potential.
      27 Ossipee Trl E, Standish, ME 04084
      View Details
    • $1,200,000
      6,187 SF

      Commercial Building with Apartments

      6,187 SF commercial building with apartments and convenience store.
      2 Chadbourne Rd, Standish, ME 04084
      View Details

    FAQs

    What type of property is this?
    Land - 25-acre approved multifamily development site with 60-unit potential.
    Where is this land located?
    The property is located at 66 Ossipee Trl East Standish, ME.
    What is the asking price?
    The asking price for this property is $1,080,000.
    What are key features of this property?
    This property features: - Approved for a 5-building, 60-unit apartment complex.; - Located in a high-demand submarket with limited new housing supply.; - Excellent frontage and high visibility on Route 25 (Ossipee Trail East).
    (207) 400-6737
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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
    66 Ossipee Trl East Standish, ME 04084
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