About This Home

This land at 103 Read Street in Portland, ME is listed for $1,500,000 (1.41 acres).

Key Features

  • 1.41 acre lot
Listing Description

103 Read Street presents a substantial 1.41 acre offering in Portland, combining an existing three unit property with three additional vacant lots and compelling long term potential. The existing multi-family includes three residential units, while the additional acreage creates an opportunity to explore a range of future uses or development possibilities.

A conceptual development plan explores the potential of an 8-16 unit Cottage Court community, subject to municipal review and approvals. The location offers convenient access to Back Cove, Baxter Boulevard, Payson Park, USM, downtown Portland, public transportation, and major commuter routes.

With significant acreage in an established Portland neighborhood, 103 Read Street offers an intriguing opportunity for an investor, developer, or buyer looking to take a longer term approach to the property. Property is being sold as-is.

Location

103 Read Street

Portland, ME 04103

Property Details

Parking

On Street

Questions & Answers

This 0-bedroom, 0-bathroom land at 103 Read Street is listed at $1,500,000. The estimated monthly payment is $8,023 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 1.41 acre lot.

This property is listed by David Banks.

DB

David Banks

Agent at RE/MAX By The Bay

Listed by RE/MAX By The Bay · Broker phone: (207) 773-2345 · View on Broker Site · Broker website

MLS# 1677063· Source: Maine Listings· 8 days on PropertySimple

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103 Read Street, Portland, ME 04103

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