1248 Roosevelt Trl Raymond, ME 04071-6602
Commercial District (C). A. Intent. The Commercial District is intended to serve as the downtown of Raymond and to provide general retail, wholesale, service and business facilities in an area convenient to the residents of the Town. This district should efficiently utilize space and resources and provide for connectivity among and between businesses in a ma…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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C · Raymond, MECommercial District (C). A. Intent. The Commercial District is intended to serve as the downtown of Raymond and to provide general retail, wholesale, service and business facilities in an area convenient to the residents of the Town. This district should efficiently utilize space and resources and provide for connectivity among and between businesses in a manner that looks and functions as a linear village with lively year-round business and inviting and safe pedestrian spaces and walkways. Route 302, the roadway through this commercial village, is intended to function as a transportation corridor that moves traffic safely and efficiently through the region while also serving as a safe and easy-to-navigate local link between the various sections of the commercial village. Site design, landscaping, screening, building placement and building design in this district should result in a visually pleasing and cohesive village-like atmosphere. Toward the achievement of these purposes, the following minimum standards are established. [Amended 6-2-2009 ] B. Permitted uses. (1) Retail businesses and service establishments, including warehousing and wholesale distribution related thereto; (2) Recreational facilities such as racquetball or tennis centers, but excluding amusement parks as defined herein; (3) Auto repair facilities, excluding auto body repair; (4) Business and professional offices; (5) Restaurants and drive-in stands; (6) Hotels, motels and inns; (7) Mixed-use buildings, provided the lower floor contains only commercial uses. The upper floors may contain dwelling units or commercial uses. As used in this Subsection B(7) , the term "commercial uses" means any of the uses listed in Subsection B(1) through (6) above. [Amended 6-2-2009 ; 7-14-2021 ] (8) Solar energy systems. [Added 6-14-2022 ] C. Conditional uses: [Amended 6-14-2022 ] (1) Outdoor sales and service. (2) Outdoor storage. D. Space and bulk regulations. The following space and bulk regulations are established as minimum standards for mixed-use and commercial buildings: [Amended 6-2-2009 ] (1) There shall be no minimum lot area, except that the lot shall meet the provisions of 12 M.R.S.A. Chapter 423-A, Minimum Lot Size. [Amended 6-2-2009 ] (2) There shall be no minimum street frontage. (3) There shall be no minimum front yard setback. If the lot is a corner lot, the street most heavily traveled shall be considered the street upon which the lot fronts. There shall be no side street setback.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.