Active Under Contract

38-42 Winter StreetPortland, ME 04102Price: $645,000

  • Price: $645,000
  • Est. Mortgage of $/month
  • 19 Days on Market
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$
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$/month over payments
Federal 30-year interest rate: 6.69% last updated on Dec 5, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $645,000List Price
  • 0.18Acreage
Incredible opportunity to own or develop a prime lot in the West End of Portland. This is located in an R6 zone in the Historic District. Currently being used as a parking lot with 23 spaces with a lease in place through March 31, 2027 with a 90 day termination option. Public Water, Sewer, Telephone, Cable and Natural Gas at street. Seller intends a deed restriction that does not impede future full property development within R6 zoning parameters. The restriction specifies no building within 14ft. of the adjacent building at 44 Winter to preserve rooftop solar panel generation. Seller has commissioned a local architect's drawings illustrating how this can work. Attachments include a development study for R6 zoning.
Listed by Jennifer Defilipp of Townsend RE Powered by Laer

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

Caren Logan participates in ©2024 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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