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    Ml Brk Cmn Cor Westbrook, ME 04092

    Sponsored
    For Sale
    $249,000

    Prime 1.91-acre corner lot, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.91-acre development lot presents a remarkable investment opportunity in Westbrook, Maine. Located at the highly visible corner of Methodist Road and Route 302/Bridgton Road, this property boasts 360± feet of frontage on Route 302 and 315± feet on Methodist Road, ensuring maximum exposure. Previously approved by the City of Westbrook Planning Board for development, the site's approved plan includes up to 12,581± square feet of retail space and 6,836± square feet of office space. Situated a mere quarter-mile from the Duck Pond and Hardy Road intersection with Route 302, this location benefits from exceptional accessibility and high traffic counts exceeding 15,000 cars daily. Its strategic position offers convenient access to Portland, Westbrook, West Falmouth, and Windham, serving as a gateway to the Lakes Region and placing it near popular destinations like Highland Lake. The Highway Services District zoning allows for a wide array of uses, including drive-through facilities, making it ideal for owner-users, developers, and investors alike. Strong demographics within 5, 10, and 15-minute drive times further enhance the property's appeal. The asking price is $249,000, representing a land value of $130,366 per acre. Don't miss this chance to acquire a premier development site in a thriving Maine community.

    Property Features for 0 Ml Brk Cmn Cor

    General Information

    Property type
    Land
    Lot Size
    83,200 SF

    HighLights

    • 1.91± acre corner lot in Westbrook, ME, at Methodist Rd and Route 302/Bridgton Rd.
    • Previously approved by Westbrook Planning Board for development.
    • 360± ft of Route 302 frontage and 315± ft of Methodist Rd frontage.
    • Approved plans include up to 12,581± sf retail and 6,836± sf office space.
    • Located 0.25 miles from Duck Pond and Hardy Rd intersection with Route 302.
    • Excellent access to Portland, Westbrook, West Falmouth, and Windham; gateway to Lakes Region.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Westbrook
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3442134
    Latitude
    43.7021133

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    FAQs

    What type of property is this?
    Land - Prime 1.91-acre corner lot, high visibility.
    Where is this land located?
    The property is located at Ml Brk Cmn Cor Westbrook, ME.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: 1.91± acre corner lot in Westbrook, ME, at Methodist Rd and Route 302/Bridgton Rd.; Previously approved by Westbrook Planning Board for development.; 360± ft of Route 302 frontage and 315± ft of Methodist Rd frontage.
    Request Owner's contact information
    Ml Brk Cmn Cor Westbrook, ME 04092
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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
    Ml Brk Cmn Cor Westbrook, ME 04092
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