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Property profile & analytics
OFF-MARKET
Commercial real estate

Main St St Richmond, ME 04357

55 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 55-acre wooded property presents a unique development opportunity in Richmond, ME, a town experiencing growth and situated just 45 minutes from Portland, Maine. Its strategic location near Interstate 295 offers unparalleled access to major transportation routes, enhancing its appeal for businesses seeking efficient logistics. The property's proximity to the Maritimes & Northeast Pipeline provides a significant advantage for energy-related ventures or businesses requiring reliable energy infrastructure. The existing pipeline borders the land, creating a compelling opportunity for distribution infrastructure development. This project would not only benefit the property owner but also contribute significantly to the economic growth of Richmond and the surrounding area, which boasts a population of 3,800 residents and a 30-mile radius population of 350,000. The town of Richmond is actively exploring the expansion of water and sewer infrastructure to this section of town, further enhancing the property's development potential. This is a rare chance to acquire a substantial land parcel with significant existing and potential infrastructure advantages, making it ideal for a business park or other large-scale development. The property's wooded setting offers a blend of natural beauty and strategic location, creating a compelling investment opportunity. The asking price is $499,000.

Property profile
Verified
Property type Commercial real estate
Lot 55 ac (2,395,800 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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