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494 Island Avenue, Portland, ME 04108

For Sale
New
$879,999

Land, Portland, ME

Property SizeContact for details
Lot Size0.90 Acres
Days on Market2

Property Features for 494 Island Avenue

General Information

Property type Land
Property subtype Other
Zoning IR-2, Shoreland
Lot features Open, Level, Near Public Beach
Standard status Active
Lot size 0.90 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 12369

Utilities

Sewer type Septic Tank
Water source Public
Water front features Ocean Front
Water front 1
Listing Agency: Locations Real Estate Group LLC
Listed By: Shalene Johnson
Added: Nov 9 Last Checked: Nov 10 at 10:06AM
MLS# 1687318

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Property Analytics

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Suggested Use

Top Pick Auto Repair Shop Real Estate Agency Spa & Massage Center (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

50
Businesses Nearby

Demographics for 04108, ME

907
Population
1,059
Households
0.9
Avg Household Size
57
Median Age
70%
College-Educated
97%
High-School Grad
1.2 sq mi
ZIP Area
756
Density / Sq Mi
$84,120
Median Household Income
$45,000
Median Earnings
$1,484
Median Rent
$488,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Waterfront Land in Cumberland County, ME

$142 Jul
$355 Aug
$461 Sep
$510 Oct

Properties on Market for Waterfront Land in Cumberland County

Jul
Aug
Sep
Oct

Frequently Asked Questions

Where is this waterfront land located?
The property is located at 494 Island Avenue Portland, ME.
What is the asking price?
The asking price for this property is $879,999.
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