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    355 Grammar Rd Sanford, ME 04073

    Sponsored
    For Sale
    $475,000

    Prime 48-acre lot, ideal for residential development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 48-acre parcel, located at 355 Grammar Road in Sanford, Maine (zip code 04073, York County), presents a unique opportunity for residential development. The property, identified by APN 6392 - Map R 12 Block 073 Lot 0000, is zoned RR and offers significant potential. With a polygon shape, the lot boasts over 680 feet of frontage on Grammar Road and a depth of approximately 1,300 feet, providing ample space and excellent access. The asking price is $475,000. While primarily suited for residential projects, the zoning may allow for certain commercial uses, offering flexibility for potential buyers. Its convenient location in Sanford, Maine adds to its appeal. This substantial land holding represents a compelling investment opportunity for developers seeking a large, well-situated parcel in a desirable area. Serious inquiries are encouraged.

    Property Features for 355 Grammar Rd

    General Information

    Property type
    Land
    Lot Size
    2,090,880 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Nail Salon Auto Parts Store Gym & Fitness Department Store Garden Center Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    York
    State
    Maine
    Longitude
    -70.736312036681
    Latitude
    43.440979154363

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    FAQs

    What type of property is this?
    Land - Prime 48-acre lot, ideal for residential development.
    Where is this land located?
    The property is located at 355 Grammar Rd Sanford, ME.
    What is the asking price?
    The asking price for this property is $475,000.
    (833) 746-6479
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    355 Grammar Rd Sanford, ME 04073
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    Sanford, ME 04073
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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
    355 Grammar Rd Sanford, ME 04073
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