Riverfront Property Development-Up to 69 Unit 7 Northern Ave Terrain 1,38 ha À vendre 420 621 € Auburn, ME 04210

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 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. Water and sewer are available on all three adjacent 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.