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    42 Olde Canal Way Gorham, ME 04038

    For Lease
    Contact for pricing

    Prime 3.3-acre industrial lot, utilities available.

    Lot size:
    143,748 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3.3-acre parcel of land, located at 42 Olde Canal Way in Gorham, Maine, presents a unique opportunity for commercial or industrial development. Situated within the Olde Canal Industrial Park (OCI zoning), this cleared lot boasts readily available utilities, simplifying the construction process and minimizing upfront costs. The property's single-tenant zoning allows for a streamlined development approach, ideal for businesses seeking a dedicated space. The lot size is precisely 3.3 acres, offering ample room for a variety of projects. The property's address is 42 Olde Canal Way, Gorham, ME 04038, and its legal description is Map 34, Block 3, Lot 8, Cumberland County. This location provides excellent access to transportation networks, making it an attractive option for businesses requiring efficient logistics. The readily available utilities include water, sewer, and electricity, significantly reducing the time and expense associated with infrastructure development. This property is perfect for businesses seeking a strategic location in a thriving industrial park with convenient access to essential services. The absence of existing structures allows for complete design flexibility, enabling the construction of a building tailored to specific business needs. This represents a rare opportunity to acquire a fully serviced, ready-to-develop lot in a desirable location.

    Property Features for 42 Olde Canal Way

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    143,748 SF

    Unit(s) available at that property

    Space
    Size
    143,748 SF

    HighLights

    • Excellent Gorham location, near Westbrook.
    • Suitable for manufacturing, indoor/outdoor storage, research, and various cannabis‑related businesses.
    • Lease rate available upon request.
    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
    -70.40277
    Latitude
    43.702577

    Nearby Comparable

    • $10 SF/Yr
      16,600 SF

      Industrial Space in Gorham Park

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      19 Bartlett Rd, Gorham, ME 04038
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      100,000 SF

      Gorham Industrial Park Lot 1

      Build-to-Suit Industrial Space: 70,000-100,000 SF
      0 Gorham Industrial Pkwy, Gorham, ME 04038
      View Details
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      100,000 SF

      Industrial Build-to-Suit Opportunity

      50,000 - 100,000 SF industrial build-to-suit opportunity in Gorham, ME.
      Cyr Dr, Gorham, ME 04038
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    • $11 SF/Yr
      20,000 SF

      Gorham Industrial Warehouse Space

      4,000 SF Warehouse Space Available
      36 Bartlett Rd, Gorham, ME 04038
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      10,000 SF

      Medical Office Space For Rent

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      5,085 SF

      New Retail Space on Riverwalk

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      4-7 Dana St, Westbrook, ME 04092
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    Nearby Similar for Lease

    • Contact for pricing
      100,000 SF

      Gorham Industrial Park Lot 1

      Build-to-Suit Industrial Space: 70,000-100,000 SF
      0 Gorham Industrial Pkwy, Gorham, ME 04038
      View Details
    • $11 SF/Yr
      20,000 SF

      Gorham Industrial Warehouse Space

      4,000 SF Warehouse Space Available
      36 Bartlett Rd, Gorham, ME 04038
      View Details
    • $15 SF/Yr
      2,500 SF

      Industrial Condo with Storage Mezzanine

      2,500± SF industrial condo with 2,500± SF storage mezzanine.
      11 C Gorham Industrial Park, Gorham, ME
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    • $10 SF/Yr
      16,600 SF

      Industrial Space in Gorham Park

      16,600± SF industrial space with office and parking.
      19 Bartlett Rd, Gorham, ME 04038
      View Details

    FAQs

    What type of property is this?
    Land - Prime 3.3-acre industrial lot, utilities available.
    Where is this land located?
    The property is located at 42 Olde Canal Way Gorham, ME.
    What are key features of this property?
    This property features: Excellent Gorham location, near Westbrook.; Suitable for manufacturing, indoor/outdoor storage, research, and various cannabis-related businesses.; Lease rate available upon request.
    Request Owner's contact information
    42 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
    42 Olde Canal Way Gorham, ME 04038
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