Bought with Portside Real Estate Group
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Key Details
Sold Price $175,000
Property Type Land
Listing Status Sold
MLS Listing ID 1605246
Sold Date 06/20/25
HOA Y/N No
Annual Tax Amount $1
Tax Year 2023
Lot Size 5,227 Sqft
Acres 0.12
Source Maine Listings
Property Description
Rare mixed use, corner lot available on Rte 1 in Portland! Located on Veranda St and just off of 295, this location is accessible and convenient. Lot is level and flat. 5,004 sq ft +/-. B1B Zoning encourages ground floor retail/commercial use and residential units above. However, one may decide to build their dream home or developers may be interested in getting a bit more creative. Based on current square footage calculation, build up to 5 units. The LD 2003 could increase number of allowable units by 2.5X if you provide affordable units. It would be tight, but may be the perfect fit for a new 6 unit Multi-Family. Neighborhood amenities include public transit (bus stop right on the corner of Fayette and Veranda), local restaurants (Veranda Noodle Bar, Beals Ice Cream, Monte's), Back Cove, Mackworth Island, and the currently under development, Roux institute. Traffic count must be through the roof.
Location
State ME
County Cumberland
Zoning B1-B
Exterior
Parking Features No Driveway, Off Street, On Street
View Y/N No
Street Surface Paved
Building
Lot Description Well Landscaped, Open, Corner Lot, Level, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood
Sewer Public Sewer
Water Public
Others
Restrictions Yes
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Paul Rondeau
Broker Associate | License ID: BA923327
Broker Associate License ID: BA923327