Your search results

5.7 Acres Cape Neddick. 150k Upside for patient investor

$ 75,000
For Sale
in
Shore Road, ,
add to favorites
1774

Description

5.7 Acre wooded lot. Only .3 Miles away from Phillips Cove. Near Rush Swamp Brook. Development nearby. Located on Blue Heron Cove. Only 1.4 miles away from Cape Neddick Country Club. Around 4 miles from the Nubble Lighthouse. This property is located in York County which is the oldest County in Maine and named after King James II. York County also is known for being a great summer resort.

This lot is not Build-able

Once the situation is resolved, this lot would be worth $280k if not more so there is plenty of upside.  Even better still is that this lot can be split into two lots

to get even more upside for an investor/builder.

 

As land wholesalers we have no intention of becoming a developer and don’t want to spend our time trying to get this through.

The upside is huge. But the headache is real. And we will not put this lot under contract with any contingencies

other than passing the perc test.

 

We would add that once the access is resolved, the village has stated the lot will be buildable again.

But we cannot stress enough that this lot is NOT for your average homeowner.

Feel free to contact the village code department and anyone you might want to try getting the easement to expand

the road the 1.25 feet – yes, 1.25 feet is all they need to expand the road for this lot to buildable.  But we feel that the best buyer of this lot is clear – a builder or a real estate investor.

 

Some other tidbits on this property – These lots this size are few and far between. They are easily worth 250k to 350k at this size

and if you split this lot, likely 200k to 225k apiece (400k to 450k total).  This lot is only about a mile away from cape Neddick Country Club.

 

Again, please do not contact us unless you are or you represent a builder/developer as we have already spent more

time on this lot than we care to admit. Your standard homeowner is not going to have the expertise or the risk tolerance needed to address this access issue

nor do we.    We appreciate your understanding. But we want to value both our time and any potential realtors or buyer’s.

 

Thanks.

GPS Points:

43.2104722, -70.59430833; 43.2095333, -70.5945805; 43.2091806, -70.59522222; 43.2085778, -70.59366666; 43.20985, -70.59283055

 

Lot Size: 5.70 acres
Property ID: 159
APN: York-000100-000000-0000161
Address: Shore Road
County:
State:
Zip Code: 03902
Coordinates: 43.20986, -70.59275
View On Google Maps

Compare Listings