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7 Northern Ave Auburn, ME 04210

For Sale
$483,000

Land for residential development with river views and convenient access.

Lot size:
3.40 Acres

Property Features for 7 Northern Ave

General Information

Lot size
3.40 Acres

Source: KW Commercial, NH Agent Douglas C Martin

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


Overview

Riverfront Land Development Opportunity

This 3.4-acre riverfront property offers an exceptional opportunity for residential development, with the potential for up to 69 market-rate units. The corner lot location allows for 17 units per acre, with an additional 20% density bonus. The property benefits from its proximity to the Androscoggin River and is within walking distance of the North River Road Boat Launch. The Auburn Transportation Center, providing bus service from Portland to Boston, is less than a mile away. Situated in a general business district zoning, the location has water and sewer access at the street. A wetland delineation has been completed. The property is a 10-minute walk to downtown. Preliminary plans suggest the possibility of two four-story multi-unit buildings with sunrise views over the river, rooftop decks, ample garden and recreation space, and a mix of studio, one-bedroom, and two-bedroom units. Balconies and parking can surround the buildings. Each building can feature two curb cuts, providing access from three different streets. Water and sewer are available on all three adjacent streets. The seller has received encouraging feedback from the town regarding the preliminary plan. No riparian water rights are included.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Auburn
County
Androscoggin
State
Maine
Longitude
-70.221199
Latitude
44.1119368

FAQs

What type of property is this?
Land - Land for residential development with river views and convenient access.
Where is this land located?
The property is located at 7 Northern Ave Auburn, ME.
What is the asking price?
The asking price for this property is $483,000.
What are key features of this property?
This property features: - Riverfront property offering potential for up to 69 residential units.; - Desirable general business district zoning with water and sewer access.; - Corner lot allows for 17 units per acre with a density bonus.
More about this property
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