$2556.69 Per Sq Foot $12,105 est/mo Sourced by Back At You

47 Cumberland Avenue,Portland, ME 04101

Portland ME, 04101

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Description

The site is currently home to a modest single family home (47 Cumberland) and a large open and level lot at the end of Sumner Ct (an improved private road just off North St). The building envelope is large, open, level and elevated affording expansive city skyline, Back Cove and White Mountain views. At a combined .31 acres or +/-13,590 sq/ft +/- the total possible unit count is 15 and the non-historic district, R6 Munjoy Hill Overlay zoning ensures the reimagine/redevelopment process will be streamlined. The options are many and the opportunities near limitless. From living in the single family with your very own urban oasis / orchard in the backyard to building a 1-2-3 family with your deluxe owners unit on the upper level to buy and pursue a mid to large scale development of condos, apartments of a mix... There is also more land and an adjacent 6 unit available for the investor/developer that might want more/more options. Opportunity is knocking!

Details

MLS#1591632
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1884
Days On Site49
Listing Provided ByBenchmark Real Estate | Thomas Landry
Buying Commision2.5%

Features

SQ Feet882
BasementY
ZoningR6/ Munjoy Hill NCOD
Acreage0.31

Market Activity 04101

    
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2024 Maine Real Estate Information System, Inc. All Rights Reserved.

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Learn More About This Property

StateME
CountyCumberland
CityPortland
Zip Code04101
Community NameMunjoy Hill / East End
Listing VS Median (in Munjoy Hill / East End)
Price:
$2,255,000
low | high
Med:
$2,255,000
50% of Average
SqFt:
882
low | high
Med:
941
43.310657596372% of Average
$ / SqFt:
$2,557
low | high
Med:
$2,406
55.9% of Average
On Site:
49
low | high
Med:
50.000000
98% of Average
Sourced by Back At You
Listing Updated: June 18, 2024 at 2:47:21 PM PDT