233 Limerock Street
Rockland, ME 04841
- – beds
- – baths
- – sqft
- ~10 acre lot
- – on site
Exceptional development opportunity in Rockland, Maine. Desirable location less than 1 mile to downtown, oceanfront and ferry terminal, servicing the islands, and just a short drive to Knox County Regional Airport. Owner welcomes serious investors or partnership offers toward completion, or outright purchase. Beginning with a sizeable 9.84 acre parcel that benefits from access to public utilities, the project includes several years of extensive site plan work, due diligence and planning by local and accomplished real estate investors. Neighborhood already hosts multi-family housing developments. A variety of configurations to consider, designed by the most reputable engineers and architects in beautiful midcoast Maine. This opportunity is zoned for multi-family residences, up to 196 units. Multiple site plans available with a variety of configurations. Owner has significant local ties to the area, with connections to governance, builders, financing, and subcontractors to facilitate next phase of development. Expectations for 2 bedroom units in new builds will exceed $2,000 per month, upon completion. The 120 unit configuration has estimated ACV of $36M, with under $20M estimated build cost, while enjoying significant monthly cash flow. Rockland serves as the cultural and geographic 'hub' of mid-coast Maine, situated nearly equidistant between Portland and Bangor International Airports, and boasting multi-transportational options between the Knox County Regional Airport, Rockland Ferry Terminal, US Rt 1 and Midcoast Rail Service. Rockland is home to a thriving arts community featuring galleries, festivals, museums and theater, and over 30 eateries to choose from. The historic downtown, lighthouses, and variety of things to do and places to stay, including the Samoset Resort and golf course, make Rockland special. Rockland thrives on tourism and a robust workforce, ensuring an indefinite need for housing and a community committed to ongoing development.
Last checked:
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Last updated Oct 13, 2024
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MLS# 1604233 —
The Building
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Year Built:None
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New Construction:No
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Architectural Style:None
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Roof:None
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Basement:None
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Foundation Details:None
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Direction Faces:None
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Window Features:None
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Building Features:None
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Exterior Features:None
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Patio And Porch Features:None
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Security Features:None
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Accessibility Features:None
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Green Energy Efficient:None
Interior
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Rooms Total:None
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Interior Features:None
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Fireplaces Total:None
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Fireplace:No
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Fireplace Features:None
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Laundry Features:None
Room Dimensions
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Living Area:None
Location
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Directions:None
The Property
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Property Condition:None
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Property Subtype:None
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Lot Features:Level, Open Lot, Near Town, Other, Rural
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Lot Size:428,630 Sqft
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Lot Size Area:9.84
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Lot Size Acres:9.84
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Lot Size Units:Acres
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Lot Size Source:Public Records
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Lot Size Dimensions:None
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Zoning:Residential B
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Property Attached:No
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View:Trees/Woods
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Current Use:None
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Possible Use:None
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Topography:None
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Waterfront:false
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Fencing:None
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Road Surface Type:Paved
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Other Equipment:None
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Land Lease:No
Listing Agent
- Contact info:
- Agent phone:
- (207) 504-6173
- Office phone:
- (207) 832-3011
Taxes
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Tax Year:2023
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Tax Annual Amount:$2,371
Beds
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Bedrooms Total:None
Baths
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Full Baths:None
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Three Quarter Baths:None
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Half Baths:None
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Partial Baths:None
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Quarter Baths:None
The Listing
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Virtual Tour URL Branded:None
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/mreis/1604233
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Home Warranty:No
Heating & Cooling
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Heating:None
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Cooling:No
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Cooling:None
Utilities
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Electric:No Electric
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Sewer:None
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Water Source:None
Appliances
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Appliances:None
Schools
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Elementary School:None
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Middle Or Junior School:None
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High School:None
The Community
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Spa:No
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Spa Features:None
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Pool Private:No
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Pool Features:None
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Pets Allowed:No Restrictions
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Community Features:None
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Association Amenities:None
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Association Fee Includes:None
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Association:false
Parking
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Garage:No
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Attached Garage:No
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Garage Spaces:None
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Carport Spaces:None
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Parking Features:No Driveway, On Site
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/18/24
Sep 18, 2024
|
Listed / Active | MREIS | $1,000,000 |
