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10 Avon St - Residential Development Opportunity 244 Units
6.6 Acres of Residential Land in Lewiston, ME 04240
Investment Highlights
- 244 Units - Fully Approved - 100% Market Rate
- Minutes to Major Medical Centers, Bates College, I-95 and Rte 202
- Strong Demand For Housing
- 800' Overlooking the Androscoggin River
- TIF Tax Increment Financing 63% Reduction for 20 Years
- Employment: 3,000+ Local Healthcare Jobs
Executive Summary
OPPORTUNITY:
- Approvals and Pre-Development Work Completed
- Population Growth – More than Double the State Pace
- Strong Demand for Housing
- Employment: 3,000+ Local Healthcare jobs
- Population: Second Largest City in Maine
- TIF - Tax Increment Financing: 63% Tax Reduction for 20 Years
- Attractive Financing Possible with Local and Regional Banks
LOCATION:
- Excellent Highway Access: Minutes to I-95
- Close Proximity:
- Central Maine Medical Center (CMMC)
- St. Mary’s Regional Health Center
- Bates College
- City’s Planned Riverfront Revitalization
- Directly Across the River from Auburn
Property Facts
| Sale Type | Investment | Property Type | Land |
| Sale Conditions | Redevelopment Project | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 6.60 AC |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 6.60 AC |
1 Lot Available
Lot
| Lot Size | 6.60 AC |
| Lot Size | 6.60 AC |
- Total Lot Size: 6.6 AC - 3 Parcels -10, 35 and 37 Avon St Lewiston ME - Permitted for Residential Units: 244 - Market Rate: 100% - Frontage: 800’ Overlooking the Androscoggin River
Description
244 Residential Units Approved and Permitted -100 % Market Rate - Located along the Androscoggin River Across from Auburn in Lewiston, Maine. TIF Tax Increment Financing in place for 63% Reduction in Taxes for 20 Years - Strong Demand for Housing - Close Proximity to 2 Major Medical Centers - CMMC. Central Maine Medical Center and St. Mary's Regional - Near Bates College and near the City's Planned Riverfront Revitalization Project - Attractive Financing Possible with Local and Regional Banks
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $57,780 | |
| Land Assessment | $334,690 | Total Assessment | $392,470 |
PROPERTY TAXES
zoning
| Zoning Code | CV (Commercial - Village) |
| CV (Commercial - Village) |
Presented by
10 Avon St - Residential Development Opportunity 244 Units
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