For Sale. Wormell Farm. Wormell Farm

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Laurel Simpson
5 years ago
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Bridgton Road & 171 Brook Street, Westbrook, Maine - Development Site 2010 Census 3-Miles 5-Miles Population 43,429 103,794 Households 18,609 46,068 2020 Population 46,706 111,904 Forecasted Growth 7.

1 Bridgton Road & 171 Brook Street, Westbrook, Maine - Development Site 2010 Census 3-Miles 5-Miles Population 43, ,794 Households 18,609 46, Population 46, ,904 Forecasted Growth 7.5% 7.8% Available lots for sale $95,000 to $120,000 with public utilities 3 4 Riverside Industrial Park Downtown Portland Portland City Line 13AADT: 19,970 Exit 48 Exit 47 Presumpscot River Wormell Farm 111+/- acres 14AADT: 16,080 Brook Street Prides Corner 13AADT: 3,160

Bridgton Road & 171 Brook Street, Westbrook, Maine - Development Site Riverside Industrial Park

Street La Bella Villa Condominiums, 42 units built 1964, 1972 Water & sewer stubbed off Smart Growth

Wormell Farm 111+/- acres 14AADT: 16,080 Brook Street 46 condos in 23 duplexes nearly sold out Prides

of The Maine Real Estate Network, represents the Seller.

2 Bridgton Road & 171 Brook Street, Westbrook, Maine - Development Site Riverside Industrial Park Approximate boundary, consult survey 2,210 +/- Presumpscot River Portland City Line 13AADT: 19,970 Bridge Street La Bella Villa Condominiums, 42 units built 1964, 1972 Water & sewer stubbed off Smart Growth clustered 23 apartments in 5 buildings built condos in 36 duplexes built Wormell Farm 111+/- acres 14AADT: 16,080 Brook Street 46 condos in 23 duplexes nearly sold out Prides Corner Approximate boundary line, consult survey 13AADT: 3,160 14AADT: 16,080 TMREN Commercial, a division of The Maine Real Estate Network, represents the Seller. While information is from sources deemed reliable, no warranty or representation, express or implied, is made to its accuracy. All material should be veri(ied by the Buyer prior to purchasing.

3 Bridgton Road & 171 Brook Street, Westbrook, ME - Development Site Conceptual plan of 308 multi-family units 116 multi-family units. Plan is not inal. 120 multi-family units. Wetlands Water & sewer stubbed off 72 multi-family units. 12-unit buildings each with 6-1BR & 6-2BR units.

4 Bridgton Road & 171 Brook Street, Westbrook, ME - Development Site Conceptual plan of 12-unit buildings each with 6-1BR & 6-2BR units. Alternative plan of 75 single-family lots & 192 multi-family units Walking trails 75 single-family lots 120 multi-family units Wetlands 72 multi-family units 3 buildings containing 36 units not shown

Bridgton Road & 171 Brook Street, Westbrook, Maine - Development Site Substantial green space Presumpscot River access Walking trails Portion of 75 single-family lots Presumpscot River 120

5 Bridgton Road & 171 Brook Street, Westbrook, Maine - Development Site Substantial green space Presumpscot River access Walking trails Portion of 75 single-family lots Presumpscot River 120 multi-family units Portland City Line La Bella Villa Condominiums, 42 units built 1964, 1972 Land Area 40 +/- acres (enough to accommodate 120 units) Map & Lot Part of and Book & Page & 67 RGA-2 Zone Requires no change in zoning Utilities Propose public water, sewer and natural gas

6 Bridgton Road & 171 Brook Street, Westbrook, Maine

7 Bridgton Road & 171 Brook Street, Westbrook, Maine Seller has conceptual plan for 308 multi-family units or a mix of 192 multi-family units and 75 single-family lots. No change in zoning is needed. Want to get it approved then sold? Want to develop only part of it? Call listing agent as he has developer-buyers interested in buying approved components he can connect you with. Brokers are protected. At 7%, Westbrook is one of the fastest growing cities in Maine 101 Westbrook single-family lots created in 15& Westbrook multi-family units created in 15& 16 New Westbrook multi-family vacancy rate is less than 1% New Westbrook construction absorption rate nearly 100% Posted Westbrook 1BR & 2BR rents are $1,300 - $1,500 Only four available lots listed $95,000 - $120,000 with public utilities within 5 miles of Wormell Farm (2020 population estimated at 111,904) 10,000 SF minimum lot required Proposed public utilities 2,210 +/- river frontage Substantial green space Walking trails Proposed solar power-heating & electric Potential solar power tax credits Ideal location across river from Portland Desirable country-like setting Close proximity to I95 Dearth of available listings makes Wormell Farm s potential in such a unique location on Portland s periphery an attractive option for developers seeking to increase their inventory. Buy Wormell Farm now to develop or mothball it for development at a later time. Boundary survey completed Existing conditions completed Preliminary engineering completed Water & sewer stubbed off Rt. 302 Unitil natural gas line on site List Price: $2,900,000 = $9,416 / Unit ($200,000 discount if sold in 2017 = $8,766 / Unit ) TMREN Commercial, a division of The Maine Real Estate Network, represents the Seller. While information herein is from sources deemed reliable, no warranty or representation, express or implied, is made to its accuracy. All material should be veri(ied by the Buyer prior to purchasing.

FOR LEASE RETAIL / RESTAURANT

FOR LEASE RETAIL / RESTAURANT FANTASTIC OLD PORT RETAIL / RESTAURANT SPACE Up to 5,700± SF - May subdivide In the heart of the Old Port and Financial Districts 1 block up from the waterfront and across