About This Home
This land at 23 Locust Street in Westbrook, ME is listed for $275,000 (0.12 acres).
Key Features
- 0.12 acre lot
**Investment and redevelopment opportunity in the City Center District.** The property has sustained significant fire damage and is in need of extensive repair and rehabilitation and/or demolition. Buyers should perform their own due diligence regarding the condition of the existing structure and the feasibility of repair or redevelopment.
The property is located in **Zone 16 within the City Center District**, which offers **no-setback development potential and the potential for up to 14 units**, subject to municipal review and approval. Buyers are encouraged to verify zoning, permitted uses, unit density, dimensional requirements, and all redevelopment possibilities with the appropriate municipal planning and code enforcement departments.
An opportunity for an investor or developer to reimagine the property and take advantage of its City Center location and development potential.
Location
23 Locust Street
Westbrook, ME 04092
Questions & Answers
This 0-bedroom, 0-bathroom land at 23 Locust Street is listed at $275,000. The estimated monthly payment is $1,471 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: 0.12 acre lot.
This property is listed by Maryea Curtis and can be reached at 2076505434.