DEVELOPMENT OPPORTUNITIES WESTERN MAINE ROUTES 2 & 4 - FARMINGTON, MAINE

Transcription

1 DEVELOPMENT OPPORTUNITIES WESTERN MAINE ROUTES 2 & 4 - FARMINGTON, MAINE CORRIDOR AREA OF PARCELS ON ROUTE 2 & 4 Commercial Parcels from 2 to 92± Acres Routes 2 & 4 (Wilton Road) Route 2 is the state s major east/west highway from New Hampshire to Bangor Centrally located in the area s heavily traveled commercial corridor between Hannaford and Wal-Mart South of Farmington s historic downtown North of Franklin Memorial Hospital 31,000+ traffic count Call John Doyon, CCIM for further details and concepts JOHN DOYON, CCIM direct john@malonecb.com MALONE COMMERCIAL BROKERS 5 Moulton Street, Portland, ME main malonecb.com

2 FARMINGTON DEVELOPMENT PARCELS OVERVIEW The parcels of land are situated on Routes 2 and 4 ( Route 2/4 ) just south of Farmington s historic downtown and located between Hannaford and Wal-Mart. Route 2/4 is the state s major east west highway leading from New Hampshire to Bangor (and continuing by Route 9 to the maritime provinces of Canada). It is also the principle route which funnels traffic to Maine s three largest skis areas Sugarloaf, Saddleback and Sunday River as well as to both Rangeley Lake, a four season tourist destination, and to Quebec Province to the northwest via Route 27. Farmington is the county seat of Franklin County with regional administrative buildings including the registry of deeds, courthouse and a Department of Health and Human Services office. It is a prime commercial hub of western Maine and the foothills area. It has a local population of almost 8,000 people; however, it draws people from all parts of Franklin County and beyond with a trade area which includes just under 60,000 people within 20 miles. Farmington draws from beyond this range, but more so, for residents who live to the west and northwest in towns that include Rangeley, Carrabassett Valley, Stratton, Kingfield and Emden among others. Farmington is the home of the University of Maine at Farmington, Franklin Memorial Hospital (serving the entire region), the Nordica Homestead and Memorial Auditorium as well as the annual Farmington Fair. Businesses in the area of Route 2/4 near the subject parcels include Hannaford, Wal-Mart, Pizza Hut, Subway, Burger King, KFC-Taco Bell, Harvest House, Hight Chevrolet, Farmington Ford, Farmington Chrysler Jeep, Irving, Rite Aid (now Walgreens), Aubuchon Hardware, Bangor Savings Bank, Camden National Bank, Comfort Inn, Franklin Memorial Hospital, Family Dollar, the Woodlands Senior Living Center among others. One should note that both Wal-Mart and Rite Aid expanded their original stores sizes since entering the Farmington market.

3 FARMINGTON DEVELOPMENT PARCELS OVERVIEW The parcels and proposed parcels present development opportunities that can range from 2 to 92 contiguous acres and that could support the construction of a something as small as a branch bank or fast food restaurant to as large as national box store. Please see the broker for prior detailed engineering studies conducted on behalf of Lowe s, which due to the financial crisis of 2008, abandoned its purchase of the parcel on the corner of Route 2/4 and Whittier Road. The engineering firm which conducted the studies remains available for consultation. The James W. Sewall Company, an engineering firm based in the Bangor area, recently provided some concept plans for how the land might be divided or subdivided. These plans were reviewed with town officials who endorsed the concept plan in theory and were very enthused to work with the owner and a purchaser. A purchaser/ developer can engage Sewall for further consultation. The land has not gone through subdivision which may not be required with simple divisions of some parcels. Also, some modifications to the parcel lines may be possible. Please be aware that the word parcel is consistently meant to denote a proposed parcel based upon the Sewall Concept Plans and is not intended to suggest that any land sections have been approved by the town as a subdivision. The future natural gas pipeline was proposed to go along the old Sandy River Railroad bed directly behind Parcel B and C. The pipeline is currently on hold. The parcel aerial on the right has been labeled to indicate the area of each parcel. Some parcels may have more than one concept of layout and use. Those concepts are included in this brochure for general reference. Contact broker for full size electronic plans.

4 FARMINGTON DEVELOPMENT PARCELS GENERAL INFORMATION LOCATION: 338 Wilton Road (Route 2/4) Farmington, Maine MAP REFERENCE: Map U33, Lots 13 & 19 Map U35, Lot 1 Map U34, Lots 8, 9 & 10 Map R09, Lot 30A PARCEL RANGE: 2± to 92± acres ACCESS: From Route 2/4 WATER & SEWER: Town water and sewer are available on Route 2/4 and Whittier Road The Homestead, the location of the farmhouse, is connected to water and sewer ZONE: General Purpose (GP); Farm & Forest (FF) APPROACH: The subject parcels are approached by predominantly flat terrain in a moderate speed zone NOTE: The parcels and proposed parcels present development opportunities that can range from 2 to 92 contiguous acres and that could support the construction of a something as small as a branch bank or fast food restaurant to as large as national box store.

5 FARMINGTON DEVELOPMENT PARCELS SUMMARY OF PARCELS PARCEL A This parcel s concept plan provides for two proposed retail pad sites on Route 2/4 along with a larger proposed rear site potentially suitable for up to three 30,000 square foot buildings. Please note there is a 50 wide road developed with access to the rear of the property (road located across from Irving) plus a Route 2/4 road cut across from Hight Chevrolet. PARCEL ID ACRES FRONTAGE ZONE MAP/LOT# DESCRIPTION SALE PRICE A 60.15± 650± FF* U35 / 1 Potential for three 30,000 SF structures or one large box store $ 900,000 A2 1.75± 240± FF* U35 / 1 With 240 +/- feet of frontage and with the potential for up to two 10,000 square foot buildings A2 ALTERNATE 13.90± FF* U35 / 1 This would include the 1.75± acres above along with land directly behind for a total of 13.9 acres. $ 295,000 $ 1,000,000 A3 3.10± 340± FF* U35 / 1 With 340± of frontage and with the potential of two 10,000 sf buildings $ 295,000 * FF - Farm & Forest These proposed parcels are located across from Hight Chevrolet and the Irving Gas Station. Please note there is more than one concept plan proposed by the owner s engineers. PARCEL A PARCEL A2 ALTERNATE 13.9± acres PARCEL A2 1.75± acres PARCEL A3 3.1± acres This document has been prepared by Malone Commercial Brokers for advertising and general information only. Malone Commercial Brokers makes no guarantees, representations or warranties of any kind, expressed or implied, regarding, but not limited to, warranties of content, accuracy, and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Malone Commercial Brokers excludes unequivocally all informed or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages there from. All data is subject to change of price, error, omissions, other conditions or withdrawal without notice. Malone Commercial Brokers is acting as the Seller s/lessor s agent in the marketing of this property

6 FARMINGTON DEVELOPMENT PARCELS SUMMARY OF PARCELS PARCELS B & C PARCEL B FRONT 1.38± acres Parcels B and C are comprised of 92± acres. This combined parcel concept plan provides for a proposed 1.38± acre lot with 270± feet of frontage on Route 2/4 along with 15 to 20 proposed business park development sites of about 1 to 15 acres in size with direct access to Route 2/4 via a proposed road to the west of an existing road cut. Three or more of those proposed sites (12.2± acres) may have an alternate Route 2/4 access point via a potential road easement slightly to the west of Family Dollar and the Chiropractic Center. These parcels are located across from the Homestead or farmhouse parcel and are on the west side of Route 2/4. There is believed to be some wetlands and ledge on these parcels. Proposed Road to Route 2/4 PARCEL ID ACRES FRONTAGE ZONE MAP/LOT# DESCRIPTION SALE PRICE B - FRONT 1.38± 270± FF* 34 / 8 R09 / 30A B - 3 WEST SIDE LOTS 12.20± FF* 34 / 8 R09 / 30A With 270 feet frontage $ 295,000 With an alternate Route 2/4 access point via a potential road easement on the west side of the parcel near Family Dollar and the Chiropractic Center $ 305,500 B - REAR FF* 34 / 8 R09 / 30A * FF - Farm & Forest These proposed business park sites are priced at $20,500 per acre See description This document has been prepared by Malone Commercial Brokers for advertising and general information only. Malone Commercial Brokers makes no guarantees, representations or warranties of any kind, expressed or implied, regarding, but not limited to, warranties of content, accuracy, and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Malone Commercial Brokers excludes unequivocally all informed or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages there from. All data is subject to change of price, error, omissions, other conditions or withdrawal without notice. Malone Commercial Brokers is acting as the Seller s/lessor s agent in the marketing of this property

7 FARMINGTON DEVELOPMENT PARCELS SUMMARY OF PARCELS PARCEL D This prime 35+ acre proposed parcel on the corner of Route 2/4 and Whittier Road is likely best suited for a 20 acre big box development site along with several pad sites. There are 2 existing Route 2/4 road cuts on this parcel as well as an existing road cut onto Whittier Road. A sewer connection is ready to be tapped into on Whittier Road which was added when the sewer was extended to Mt. Blue High School several years ago. PARCEL ID ACRES FRONTAGE ZONE MAP/LOT# DESCRIPTION SALE PRICE D (FRONT) 20.20± 1,431± FF / GP* U33 / 13 & 19 U34 / 9 D (REAR) 15.86± 135± FF / GP* U33 / 13 & 19 U34 / 9 *FF - Farm & Forest, GP - General Purpose With 1,431± frontage on Route 2/4 and 1,054± on Whittier Road. The concept plan suggests a 134,000 SF box store along with pad locations for up to a 7,000, 12,000 and 14,000 SF retail store With 135± on Whittier Road. The concept plan depicts (3) 12,000 SF, 2-story multi-family housing buildings. Potential access from Route 2/4 between Parcels E1 and E2. $ 2,950,000 $ 295,000 The proposed rear 15+ acres with 135 of frontage on Whittier Road is contemplated as a three building, two story multi-family housing complex. The separation of the 15 and 20 acre parcel appears possible by a simple division of the land. It is also possible to access the rear 15+ acres from Route 2/4 between Parcels E1 and E2. These parcels lie on the east side of Route 2/4 and include the McCleery Homestead or farmhouse and proceed to the corner of Route 2/4 and Whittier Road. Due Diligence: Detailed engineering studies are available to a party under contract This is the site once optioned by Lowe s but cancelled during the recession. Lowe s studies done by Gorrill Palmer Engineering are available. This is the proposed multi-family site located behind the proposed big box site (formerly optioned by Lowe s).

8 FARMINGTON DEVELOPMENT PARCELS SUMMARY OF PARCELS PARCEL E This parcel adjoins the homestead on the south side and consists of up to 4.81 acres if incorporating a small amount of land within Parcel D. It is ideal for two retail sites affording excellent frontage and visibility. The parcel is located across from the Harvest House and proceeds towards town then adjoining the Homestead or farmhouse parcel on the east side of Route 2/4. PARCEL ID ACRES FRONTAGE ZONE MAP/LOT# DESCRIPTION SALE PRICE E1 2.23± 225± 34 / 10 With 275± frontage. The concept plan suggests up to a 10,000 SF retail $ 295,000 E2 2.58± 454± 34 / 10 With 475± frontage. The concept plan suggests up to a 10,000 SF retail building $ 295,000 * FF - Farm & Forest - All of the land parcels in this brochure, except for the Homestead, are in Farm and Forest to maintain lower municipal taxes. This document has been prepared by Malone Commercial Brokers for advertising and general information only. Malone Commercial Brokers makes no guarantees, representations or warranties of any kind, expressed or implied, regarding, but not limited to, warranties of content, accuracy, and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Malone Commercial Brokers excludes unequivocally all informed or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages there from. All data is subject to change of price, error, omissions, other conditions or withdrawal without notice. Malone Commercial Brokers is acting as the Seller s/lessor s agent in the marketing of this property

9 FARMINGTON DEVELOPMENT PARCELS AREA STATISTICS & MAP 40 miles Route 2 is the state s major east west highway leading from New Hampshire to Bangor. It is also the principle route which funnels traffic to these Maine ski areas: Sugarloaf, Saddleback and Sunday River as well as to both Rangeley Lakes, a 4-season tourist destination, and to Quebec Province to the northwest via Route 27.