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7 Northern Avenue

Auburn

$483,000

beds   ·   baths   ·   0 sqft   ·   3.4 acres   ·   taxes: $7,474   ·   MLS#: 1622815

Exceptional Opportunity for Riverfront Development of Up to 69 Residential Units at Market Rate Discover a remarkable chance to develop up to 69 residential units on this stunning riverfront property, boasting expansive views of the Androscoggin River. Walking distance to the North River Road Boat Launch and less than a mile to the Auburn Tranportation Center providing Bus service from Portland to Boston. Situated in a desirable general business district zoning, this location benefits from water and sewer access at the street. A wetland delineation has already been completed, and it's just a 10-minute stroll to downtown. Property Details: * This corner lot allows for 17 units per acre with an additional 20% density bonus. * The property presents immense potential, including: - Two beautiful, four-story multi-unit buildings - Breathtaking sunrise views over the river - Rooftop deck - Ample garden and recreation space - A mix of studio, one-bedroom, and two-bedroom units - Balconies and parking surrounding the buildings With its corner lot location, each building can feature two curb cuts, providing access from three different streets. The seller has received encouraging feedback from the town regarding the preliminary plan. We are selling just the land. 3.4 Acres will be subdivided off the mother lot. No riparian water rights.

MORE DETAILS

Structure

  • Electric : No Electric

Site

  • Water Frontage : Yes
  • Water Body Name : Androscoggin River
  • Water Source : Public, None
  • View : Scenic
  • Sewer : None, Public Sewer
  • Zoning : Business District
  • Road Surface Type : Paved
Listing provided by Keller Williams Realty Metropolitan

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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43 Elm Street
Camden, Maine 04843
207.236.6171
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