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Property profile & analytics
OFF-MARKET
Land

37 Alpine Dr Porter, ME 04068

88 ac lot
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
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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