65 Olde Canal Way ApprovalsGorham, ME 04038

Property Details for 65 Olde Canal Way Approvals

Lot size

6.53 AC

Property type

Land

Property subtype

Industrial properties

Description

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.

Location Insight

City

Gorham

County

Cumberland

State

Maine

Latitude

43.7016

Longitude

-70.4005

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