For Sale
$925,000

65 Olde Canal Way Approvals Gorham, ME 04038

6.53 Acres, Approved Luxury Garage Condos

Overview

Added:
Dec 11, 2024
Days on market:
138
Exceptional investment opportunity: 6.53 acres of industrial land in Gorham, Maine (04038), located at 65 Olde Canal Wy (Approvals), is available for $925,000. This property boasts pre-approved plans for a 40-unit luxury garage condominium development, branded "Luxury Motor Toys." Each unit will measure approximately 27 feet wide by 37 feet long, featuring a 200 sq ft mezzanine level with a glass partition, an outdoor balcony, a full bathroom, and a refrigerator/prep area. Residential living within the units is strictly prohibited. A shared clubhouse with a full kitchen will be available for small group events hosted by condo owners. Renderings are available online at www.luxurymotortoys.com. The development will include a security gate, security cameras, and 24/7 security. Public utilities will service the property, including water, sewer, power, and underground communications. This is a turnkey opportunity to capitalize on the growing demand for high-end automotive storage solutions. The property's convenient location in Cumberland County offers easy access to major transportation routes and amenities. Don't miss this chance to acquire a prime piece of developed land with significant upside potential.

Highlights

  • $925,000 asking price for 6.53 acres of industrial land.
  • Located at 65 Olde Canal Wy, Gorham, ME 04038.
  • Approved plans for a 40-unit luxury motor toy garage condominium development.
  • Each unit features approximately 27' x 37' of space, a 200 sq ft mezzanine, balcony, full bath, and kitchenette.
  • Amenities include a clubhouse with a full kitchen and 24/7 security.

Property Details for 65 Olde Canal Way Approvals

Property type
Land, Industrial properties
Lot Size (sq. ft)
284,447 SF

Location Insight

City
Gorham
County
Cumberland
State
Maine
Latitude
43.701633
Longitude
-70.4005059

FAQs

What type of property is this?
Land - 6.53 Acres, Approved Luxury Garage Condos
Where is the land located?
The property is located at 65 Olde Canal Way Approvals Gorham, ME.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: $925,000 asking price for 6.53 acres of industrial land.; Located at 65 Olde Canal Wy, Gorham, ME 04038.; Approved plans for a 40-unit luxury motor toy garage condominium development.
How can I contact the broker?
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65 Olde Canal Way Approvals
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