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    Stonewood Dr Freeport, ME 04032

    Sponsored
    For Sale
    $950,000

    Prime Freeport acreage, ideal for mixed-use development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 65.65-acre parcel, known as Winston Hill South Business Park, presents a unique investment opportunity in Freeport, Maine. Located off Stonewood Drive, this property enjoys convenient access to Route 1 and is just one mile from I-295 Exit 17, ensuring excellent visibility and connectivity. Zoned C-1 (Commercial), the land offers significant potential for a variety of commercial and residential uses. A conceptual plan for multifamily development is already in place, streamlining the development process. The property boasts readily available utilities, including water, sewer, gas, electricity, and telephone service, further enhancing its appeal to developers. The asking price is $950,000, translating to approximately $14,471 per acre. The property's legal description is Map 23, Lots 40 & 41, and is owned by the Winston Hill Partnership. This expansive site offers a rare chance to capitalize on Freeport's thriving market and create a significant development. The combination of prime location, existing infrastructure, and flexible zoning makes this an exceptional opportunity for investors seeking a high-return project.

    Property Features for 0 Stonewood Dr

    General Information

    Property type
    Land
    Lot Size
    2,859,714 SF

    HighLights

    • 65.65‑acre commercial parcel in Freeport, ME, known as Winston Hill South Business Park.
    • Excellent location off Stonewood Drive, near Route 1 and I‑295 Exit 17.
    • C‑1 zoning allows for commercial and residential development; conceptual multifamily plan available.
    • Utilities (water, sewer, gas, electric, telephone) readily available.
    • Asking price: $950,000 ($14,471/acre).
    • Legal description: Map 23, Lots 40 & 41; owned by Winston Hill Partnership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Freeport
    County
    Cumberland
    State
    Maine
    Longitude
    -70.1325337
    Latitude
    43.8275018

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    FAQs

    What type of property is this?
    Land - Prime Freeport acreage, ideal for mixed-use development.
    Where is this land located?
    The property is located at Stonewood Dr Freeport, ME.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 65.65-acre commercial parcel in Freeport, ME, known as Winston Hill South Business Park.; Excellent location off Stonewood Drive, near Route 1 and I-295 Exit 17.; C-1 zoning allows for commercial and residential development; conceptual multifamily plan available.
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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
    Stonewood Dr Freeport, ME 04032
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