This proposed development site has existing sales comps which confirm the need for housing . A feasibility and pro forma is available . Proximity to Maine's prominent Old Orchard Beach 5 minutes as well as a 10 minute drive to Portland strengthens this development's location potential.opportunity for a joint venture or outright sale.feasibility and underwriting available to qualified buyers for 50 and 300 units*** ADJOINING 12 ACRES AVAILABLE FOR RETAIL/COMMERCIAL DEVELOPMENT IN THIS MU-3 ZONE.. SEWER, WATER AND ROADS.32000 VEHICLES PER DAY!!PUBLIC WATER, SEWER AND ROAD WORK INTO SITE.Easy access off rte 1 . This multi-family zoned and approved site for up to 300 units has public water and sewer to the property. Site is flat and open and is uniquely located 10 minutes to Portland and 5 minutes to Old Orchard Beach. Site adjoins the regional walking trail system as part of one of many featured amenities..Public transportation is among the many other benefits. As a suburb of growth oriented Portland , this proposed development fills the need for home ownership close to a major city. The city is open to a combination of residential needs from conventional apartments to condos, congregate care, elderly and senior housing opportunities.A commercial retail opportunity exists on an adjoining parcel. Traffic flow is in excess of 20k vpd
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