Entitled 8-Unit Development
For Sale
Contact for pricing
7 Orange St, Portland, ME 04102
Entitled corner parcel with concept approval for an 8-unit build, outside the Historic Overlay District.
Property Size5,993 SF
Price / SF$99.28
Days on Market112
Property Features for 7 Orange St
General Information
Standard status
Active
Size
5,993 SF
Property subtype
LAND
Additional Details
Multifamily Units
8
Listing Agency:
Vitalius Real Estate Group
(207) 318-2555
Listed By:
Brit Vitalius · License #BR918132
(207) 318-2555
Source:
Moodyscre
Added: Apr 23
Changed: Aug 8
Last Checked: Jul 26 at 11:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vitalius Real Estate Group
Investment Insights
Based on property information with market context.
This development opportunity presents an entitled 8-unit site offered as a conceptually packaged and de-risked project. The information includes a formal Zoning Summary Memorandum validating a full 8-unit build and an architectural massing study, supporting the feasibility of the proposed development. The parcel is described as fully de-risked and slated for a plan that stays under the city’s 10-unit threshold.
The site is identified as a premium corner parcel in Portland’s West End and is stated to be 100% Inclusionary Zoning (IZ) Exempt. It is also described as entirely outside the Historic Overlay District. The property is characterized by natural topography and a natural downhill slope intended to accommodate street-level, tucked-under parking while minimizing excavation, along with potential for unobstructed inner harbor and active boatyard views.
As presented, the site is intended to support an 8-unit development concept, with the ability for a potential rooftop deck referenced at up to 45 feet.
The site is identified as a premium corner parcel in Portland’s West End and is stated to be 100% Inclusionary Zoning (IZ) Exempt. It is also described as entirely outside the Historic Overlay District. The property is characterized by natural topography and a natural downhill slope intended to accommodate street-level, tucked-under parking while minimizing excavation, along with potential for unobstructed inner harbor and active boatyard views.
As presented, the site is intended to support an 8-unit development concept, with the ability for a potential rooftop deck referenced at up to 45 feet.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
3,066
Businesses Nearby
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Business Placement
Demographics for 04102, ME
18,002
Population
8,633
Households
2.1
Avg Household Size
38
Median Age
62%
College-Educated
96%
High-School Grad
6.0 sq mi
ZIP Area
3,000
Density / Sq Mi
$79,631
Median Household Income
$47,898
Median Earnings
$1,435
Median Rent
$464,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Entitled corner parcel with concept approval for an 8-unit build, outside the Historic Overlay District.
Where is this residential land & home lot located?
The property is located at 7 Orange St Portland, ME.
What is the asking price?
The asking price for this property is $595,000.
