524 A Rdg Rd Oakfield, ME 04763
This exceptional 15-acre property in Oakfield, Maine, presents a unique investment opportunity. The land boasts a diverse landscape, including a beautiful open field and a wooded area, ideal for hunting and recreational activities. Its prime location sits directly on a snowmobile trail, with easy access to several nearby lakes, enhancing its appeal for outdoor enthusiasts. The property includes a substantial 6000+ square foot barn, offering ample storage space for equipment or potential conversion. Currently, the property features two homes. One is a 2-bedroom, 1-bathroom residence currently used as an Airbnb, generating potential rental income. The second home requires interior finishing. The site has already received approval for the construction of four additional 2-bedroom homes, with existing septic and well systems in place, ready to support this expansion. This presents a flexible opportunity; continue the approved development plan, utilize the existing homes for personal use and rental income, or pursue a single-family residential approach. Located at 524 A Ridge Rd, Oakfield, ME 04763, this versatile property offers a blend of residential, recreational, and potential commercial possibilities. The asking price is $325,000.
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
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Property description
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No recorded transactions found for this property.
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Risks
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