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Listed by David Banks RE/MAX By The Bay
$ 1,500,000
Est. payment /mo
New
103 Read ST Portland, ME 04103
1.41 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1677063
Construction Status Other,Proposed,Raw Land
HOA Y/N No
Tax Year 2025
Lot Size 1.410 Acres
Acres 1.41
Source Maine Listings
Property 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
State ME
County Cumberland
Zoning RN1
Direction From Ocean Ave turn onto Read St. Street parking is available on opposite side of the road.
Exterior
Parking Features Paved, 5 - 10 Spaces, On Site, On Street
Waterfront Description Nearby,Public
View Trees/Woods
Building
Lot Description Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Level, Sidewalks, Wooded, Near Public Transit
Water Public
Construction Status Other,Proposed,Raw Land
Others
Tax ID PTLD-000141-J000014-000001
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