40 Sandy Ridge Ln Searsport, ME 04974
This 1.76-acre commercial lot, located at 40 Sandy Ridge Lane in Searsport, Maine (APN 40sandyridgelanesearsportme04974), is offered at $49,900. The property boasts a price per acre of $28,352.27, reflecting its desirable location within a well-established neighborhood featuring well-maintained homes. Zoned RES-3, the land presents a versatile opportunity for commercial development. Situated in the charming Midcoast town of Searsport, this lot provides convenient access to local beaches, parks, shopping centers, summer festivals, and farmers' markets. The property has undergone soil testing and surveying, ensuring a smooth development process. Buyers will appreciate the serene setting, offering a peaceful retreat while still enjoying proximity to area amenities. This is an exceptional opportunity to acquire a commercially zoned lot in a highly sought-after location. The property's convenient access to various attractions and its tranquil atmosphere make it an ideal investment for those seeking a blend of convenience and serenity. The established neighborhood adds to the property's appeal, promising a harmonious integration into the community.
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.