0 New Portland Rd Gorham, ME 04038
This exceptional 4.78-acre agricultural parcel presents a unique investment opportunity in desirable Gorham, Maine. Located on New Portland Road, this property boasts significant road frontage and offers convenient walkability to Gorham's vibrant downtown center. The land is zoned Sr - Suburban Residential, providing flexibility for potential future development. The asking price is $195,000, translating to approximately $61,715 per acre, reflecting the land's high value and strategic location within Cumberland County. The property's APN is 05090_29-2-4. This expansive lot (Map 27, Lot 7) presents a rare chance to acquire a substantial piece of land in a thriving Maine community. Its proximity to Gorham's amenities and its agricultural designation make it ideal for a variety of uses, subject to local zoning regulations. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property's location provides easy access to local services and attractions, while maintaining a sense of peaceful rural living. This is a remarkable opportunity to own a significant piece of land in a highly sought-after area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.