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    93 Mclellan Rd Gorham, ME 04038

    For Sale
    Contact for pricing

    Prime Gorham commercial land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 15.3-acre commercial land parcel, located at 93 McLellan Road in Gorham, Maine (zip code 04038), presents a unique investment opportunity. Situated in the South Gorham Commercial Corridor District, the property offers versatile zoning allowing for a wide range of development options. Permitted uses include apartment buildings or multi-family housing, nursing homes, business and professional services, light industrial uses, schools, and churches. The land comprises multiple parcels and features distinctive glacier rock formations. Conveniently located off Routes 22 and 114, this property enjoys close proximity to downtown Gorham and the retail amenities of Westbrook. A significant advantage is the adjacency of Lots 5, 6, and 7 to the planned Maine Turnpike Authority East-West Highway. This new highway, scheduled for completion in 2030, will connect Maine Turnpike Exit 45 (Maine Mall Exit) and I-295 to the Route 114 roundabout for the Rines Bypass in Gorham, significantly enhancing accessibility and future value. This prime location and flexible zoning make this property an attractive prospect for developers seeking a strategic investment in a rapidly growing area of Maine. The property's size and location offer substantial potential for a variety of commercial and residential developments.

    Property Features for 93 Mclellan Rd

    General Information

    Property type
    Land
    Lot Size
    666,468 SF

    HighLights

    • 15.3‑acre commercial land parcel in Gorham, ME.
    • Zoned for diverse uses including multi‑family, light industrial, and commercial development.
    • Located near Route 22 and Route 114, providing convenient access to Gorham and Westbrook.
    • Adjacent to proposed Maine Turnpike Authority East‑West Highway.
    • Features glacial rock formations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    1st Stop Convenience Grocery Store Gorham Country Club ... Country Club

    Suggested Use

    Restaurant Building Supply Spa & Massage Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Food Market Grocery Store Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Gorham
    County
    Cumberland
    State
    Maine
    Longitude
    -70.4083495
    Latitude
    43.6542035

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    FAQs

    What type of property is this?
    Land - Prime Gorham commercial land, ideal for development.
    Where is this land located?
    The property is located at 93 Mclellan Rd Gorham, ME.
    What are key features of this property?
    This property features: 15.3-acre commercial land parcel in Gorham, ME.; Zoned for diverse uses including multi-family, light industrial, and commercial development.; Located near Route 22 and Route 114, providing convenient access to Gorham and Westbrook.
    Request Owner's contact information
    93 Mclellan Rd 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
    93 Mclellan Rd Gorham, ME 04038
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