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Listed by Adam Parent Real Broker
$1,800,000
Est. payment /mo
4 Baths
3,578 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,578 sqft
Price per Sqft $503
MLS Listing ID 1682039
Full Baths 4
HOA Y/N No
Year Built 1900
Tax Year 2025
Lot Size 0.630 Acres
Acres 0.63
Source Maine Listings
Land Area 3578
Property Description
Investment Opportunity: This can be up to 12 units OR more. With further approvals, this location opens up the opportunity for even bigger investment. 279 Hill Street is an existing 4-unit building with condominium approval already secured for the site, which also includes three additional 2-unit buildings — one of which is soon to be completed and features 2-bedroom/1-bath units. A possible 4th 2-unit building is pending approval, offering even further upside. The remaining approved 2-unit buildings are ready to be built, giving an investor or builder a clear path to expand the portfolio. Hold for rental income, sell units individually, or phase construction to fit your goals. Located in one of southern Maine's fastest-growing communities with strong rental demand and easy access to Route 1 and the Maine Turnpike. Approvals and site plans available — bring your vision and capitalize on a development already in motion.
Location
State ME
County York
Zoning R2
Direction GPS
Rooms
Basement Interior Entry, Full, Unfinished
Interior
Heating Oil, Baseboard
Cooling None
Flooring Carpet, Vinyl
Exterior
Parking Features Common, Paved, 11 - 20 Spaces
Roof Type Shingle
Garage No
Building
Lot Description Near Shopping, Near Turnpike/Interstate, Shopping Mall, Level, Open Lot
Entry Level Multi-Level
Water Public
Architectural Style Colonial
Others
Tax ID BIDD-000029-000000-000108-000001
Virtual Tour https://www.propertypanorama.com/instaview/mreis/1682039
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