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    30 Olde Canal Way Gorham, ME 04038

    Sponsored
    For Sale
    $399,900

    5.5-acre lot, ideal for business development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.5-acre commercial and industrial land parcel, located at 30 Olde Canal Wy, Gorham, ME 04038, presents a unique opportunity for businesses seeking a strategic location in Cumberland County. Zoned for Olde Canal Industrial District, this property offers a developable footprint of approximately 2.2 acres, suitable for constructing a building up to 40,000-50,000 square feet. The site boasts convenient access to Greater Portland and benefits from readily available public utilities, including water, sewer, and natural gas. This advantageous combination of size, zoning, and infrastructure makes it suitable for a wide range of industrial, manufacturing, heavy equipment, technology, and office uses. The property's location within a business-friendly community actively supporting economic development further enhances its appeal to businesses looking to establish or expand their operations. The asking price for this prime industrial land is $399,900. This represents a significant opportunity to acquire a substantial parcel in a thriving Maine market.

    Property Features for 30 Olde Canal Way

    General Information

    Property type
    Land
    Lot Size
    239,580 SF

    HighLights

    • 5.5‑acre commercial and industrial land parcel in Gorham, ME.
    • Olde Canal Industrial District zoning allows for up to 40,000‑50,000 square foot building on a 2.2‑acre developable footprint.
    • Convenient access to Greater Portland and readily available utilities (water, sewer, natural gas).
    • Suitable for various uses including industrial, manufacturing, heavy equipment, technology, and office.
    • Asking price: $399,900.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Wholesale Shop Computer & Electronic Repair Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Gorham
    County
    Cumberland
    State
    Maine
    Longitude
    -70.404424
    Latitude
    43.701951

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    FAQs

    What type of property is this?
    Land - 5.5-acre lot, ideal for business development.
    Where is this land located?
    The property is located at 30 Olde Canal Way Gorham, ME.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: 5.5-acre commercial and industrial land parcel in Gorham, ME.; Olde Canal Industrial District zoning allows for up to 40,000-50,000 square foot building on a 2.2-acre developable footprint.; Convenient access to Greater Portland and readily available utilities (water, sewer, natural gas).
    Request Owner's contact information
    30 Olde Canal Way Gorham, ME 04038
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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
    30 Olde Canal Way Gorham, ME 04038
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