Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    224 Shaker Rd Gray, ME 04039

    For Sale
    $485,000

    22 Acres, Commercial Zoning, Route 26 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 22-acre development parcel presents a unique opportunity in Gray, Maine. Located at 224 Shaker Road, this level lot boasts over 800 feet of frontage on Route 26, providing excellent visibility and accessibility. The property's APN is GRAY-000013-000015-000015. Its convenient location near the intersection of Dry Mills and Route 26 offers significant advantages for various commercial ventures. The property is zoned for commercial use, opening doors to a wide range of development possibilities. Furthermore, its proximity to I-95 (Maine Turnpike) ensures easy access to major transportation routes, enhancing its appeal to businesses and investors alike. The asking price for this substantial land parcel is $485,000. This property is ideal for developers seeking a large, well-situated tract in a thriving Maine community. The property's location in Cumberland County, with a zip code of 04039, provides easy access to local amenities and services. The coordinates are 43.91580306315779 latitude and -70.35361020243815 longitude. This is a rare opportunity to acquire a significant piece of land with high development potential in a desirable location.

    Property Features for 224 Shaker Rd

    General Information

    Property type
    Land
    Lot Size
    958,320 SF

    HighLights

    • 22± acre development parcel in Gray, Maine.
    • Excellent development opportunity near the intersection of Dry Mills and Route 26.
    • Level lot with over 800 feet of frontage on Route 26.
    • Convenient access to I‑95 (Maine Turnpike).
    • Commercially zoned for diverse development options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Auto Repair Shop Hotel & Motel Gym & Fitness Pharmacy Food Market Grocery Store Bar & Pub Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gray
    County
    Cumberland
    State
    Maine
    Longitude
    -70.353610202438
    Latitude
    43.915803063158

    Nearby Comparable

    • $485,000

      Land with Extensive Road Frontage

      Level lot with over 800' frontage near I-95.
      224 Shaker Rd, Gray, ME 04039
      View Details
    • $1,500,000
      5,892 SF

      Assisted Living Facility in Gray

      5,892 SF assisted living facility on 1.5 acres.
      9 Lewiston Rd, Gray, ME 04039
      View Details
    • $1,000,000
      4,590 SF

      Ranch Triplex in New Gloucester

      Ranch-style triplex on 9.71 acres in peaceful Maine countryside.
      New Gloucester, ME 04260
      View Details

    Nearby Similar for Sale

    • $1,500,000
      5,892 SF

      Assisted Living Facility in Gray

      5,892 SF assisted living facility on 1.5 acres.
      9 Lewiston Rd, Gray, ME 04039
      View Details

    FAQs

    What type of property is this?
    Land - 22 Acres, Commercial Zoning, Route 26 Frontage
    Where is this land located?
    The property is located at 224 Shaker Rd Gray, ME.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: 22± acre development parcel in Gray, Maine.; Excellent development opportunity near the intersection of Dry Mills and Route 26.; Level lot with over 800 feet of frontage on Route 26.
    Request Owner's contact information
    224 Shaker Rd Gray, ME 04039
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    224 Shaker Rd
    Gray, ME 04039
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    224 Shaker Rd Gray, ME 04039
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.