22 Mechanic Street, South Portland, ME 04106

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Karen R.

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22 Mechanic Street is aland property for lease in South Portland, ME.

We are pleased to offer for sale 22 Mechanic Street in South Portland, Maine. This property is an ideal development site for multifamily or condo development. Although this site is officially listed on the City's Assessors Card as 24.90 acres, most of that is tidal land and not usable for development purposes. It
appears as if there is 1.07 acres net residential acreage, which needs to be confirmed by any Purchaser. If the determination is that the net acreage is 1.07 acres, as thought to be the case, then current zoning allows for 18 units to be developed at this site. That determination is based on the specific zoning language referred to in Commercial District C which references over to the Residential District G code. That allows for the density of a maximum of 17 units per net residential acre. This is waterfront property and, therefore, should have good marketability for rental properties and/or condominium development, or a combination thereof.

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