Developers Take Notice!

$129,000

0 Kennebec Dr, Farmingdale ME

DEVELOPERS TAKE NOTICE!! Great development opportunity to complete The River Estates Condominium Development, located on Kennebec Drive in Farmingdale. The site is close to the state capital, shopping, and the Kennebec River. This is a permitted subdivision with +/- 12.60 acres on 4 parcels of land. The plan is approved to build an additional 17 units. All the infrastructure is in place. The land cost percentage to total development cost is in the range of 12 to 15%. All that is needed is for a developer to construct the condominium units.

Dennis Wheelock Listing Agent

Dennis Wheelock

office: (207) 774-7715
cell: (207) 242-5588

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  • Asking price $129,000
  • Files River Estates - BROCHURE
  • Lease or sale SALE
  • Sale terms Cash to Seller
  • Location 0 Kennebec Dr, Farmingdale ME
  • Building status Existing
  • Land sq/ft
  • Propety type VACANT LAND
  • Property sub-type(s) Residential (Single Family), Other
  • Zoning SHORELAND ONLY
  • Site description The sites consist of 4 parcels on +/- 12.60 acres. Three are wooded and one is a field. Two parcels are located on Kennebec Drive, which is a paved town road. Two parcels are located on Violet Drive, which is a gravel road. All the infrastructure is in place.
  • Listing status UNDER_CONTRACT
  • Last updated 11 days ago