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Property profile & analytics
OFF-MARKET
Land

65 Olde Canal Way Gorham, ME 04038

6.53 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 6.53-acre commercial land parcel, located at 65 Olde Canal Way in Gorham, Maine (zip code 04038), presents a unique opportunity for industrial development. Situated within the Olde Canal Industrial Park Zone, this site boasts pre-approved plans for a substantial 40,800 square foot industrial building. All necessary groundwork has been completed, including a completed survey, aerial topography study, wetland and vernal pool delineation, and stormwater engineering. The property benefits from readily available municipal water, sewer, three-phase power, and natural gas services at the roadside. Conveniently located less than five miles from the Maine Turnpike (I-95), Exit 48, this site offers easy access to Westbrook and the Greater Portland area. This fully engineered and planning board-approved lot is part of the Olde Canal Way Master Plan, ensuring a streamlined development process. The property is zoned to accommodate a variety of industrial uses, making it an ideal location for a range of businesses. Priced at $675,000, this is a turnkey opportunity for immediate development.

Property profile
Verified
Property type Land
Lot 6.53 ac (284,447 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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