Technical
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Property profile

0 New Portland Rd Gorham, ME 04038

OFF-MARKET
Land
4.78 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 4.78 ac (208,217 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

New Portland Rd Gorham, ME 04038
Gorham metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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