Property profile

37 Alpine Dr Porter, ME 04068

OFF-MARKET
Land
88 ac lot
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Property summary

AI-generated overview

This exceptional 88-acre commercial property in Porter, Maine, presents a unique investment opportunity. Located at 37 Alpine Drive, 04068, in Oxford County, this land boasts a prime location near the New Hampshire border, offering easy access to southern New Hampshire markets. The property includes a 2,100 square foot framed single-story building featuring three bedrooms and a cathedral ceiling. A substantial 2,100 square foot three-bay walkout basement is also present, potentially suitable for various uses. An 800+ foot gravel road provides convenient access throughout the acreage. A recent surficial soil investigation estimates upwards of 490,000 cubic yards of aggregate, making this land highly attractive for extraction. Note that both aggregate extraction and other potential uses require the necessary governmental approvals. A portion of the property includes Whales Back Mountain (1605'), straddling the Maine/New Hampshire state line, just north of Parsonsfield and east of Freedom, NH. The property is zoned Rural District and is projected to be subdividable within 2.5 years. Asking price is $895,000.

Property profile

Verified
Property type Land
Lot 88 ac (3,833,280 SF)

Cap rate & NOI

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

Location

37 Alpine Dr Porter, ME 04068
Porter metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

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