41 Arlington Ave Westbrook, ME 04092
- Commercial real estate
- 0.41 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 41 Arlington Ave
- Lot size
- 0.41 lot acres
- Property type
- Commercial real estate
Description
This 0.41-acre lot in Westbrook, Maine, presents a fully approved development opportunity for three standalone single-family rental units. Located at 41 Arlington Avenue, this property boasts a prime location within walking distance of downtown Westbrook's amenities, including restaurants, shops, and cultural attractions. The site includes an existing two-story building with an overdeveloped garage featuring a lift, offering potential for repurposing or expansion. All necessary city approvals are in place, making this a shovel-ready project poised to capitalize on the strong demand for housing in this rapidly growing city. Convenient access to I-95 and public transportation further enhances its appeal. The permitted zoning is 11. The asking price is $300,000. This value-add investment presents a unique chance to contribute to Westbrook's housing market and build a lucrative rental portfolio. Utilities are available. The property is conveniently located near downtown and midtown areas, offering residents easy access to a variety of services and attractions. This is a rare opportunity to acquire a fully approved development site in a thriving Maine community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Westbrook
- County
- Cumberland
- State
- Maine
- Longitude
- -70.379000868535
- Latitude
- 43.673478305314
