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Property profile & analytics
OFF-MARKET
Specialty properties

41 Arlington Ave Westbrook, ME 04092

0.41 ac lot
Property ID
US42-0466649
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Lot 0.41 ac (17,860 SF)
UPID US42-0466649
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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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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