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1976 Portland Rd - Arundel Land 9.18 Acres of Commercial Land Offered at $893,389 CAD in Arundel, ME 04046
EXECUTIVE SUMMARY
This is an exceptional development opportunity for a 9.18+-acre parcel with over 800 feet of high-visibility U.S. Route 1 road frontage, strategically positioned in Arundel, Maine. Located immediately adjacent to the highly successful Cape Arundel Cottage Preserve, this site offers a proven market context for premium commercial, mixed-use, and desirable residential projects.
Property Highlights
• Exceptional Visibility & Access: The extensive 800+- feet of frontage on U.S. Route 1 provides unparalleled visibility and direct access to a major traffic corridor connecting the popular coastal towns of the Kennebunk, Biddeford, and Portland areas.
• Ready for Development: Essential infrastructure is immediately available. Municipal water hookup and CMP electric service are located at the entryway via Founders Drive, significantly reducing initial development costs and timelines.
• Generous Acreage: The 9.18+- acres of land allow for a significant scale of development, with ample room for building footprints, parking, landscaping, and necessary buffers.
• Leverage Cape Arundel Brand: The location benefits immensely from its proximity to the Preserve, a high-quality, gated community with proven market appeal, extensive amenities (community center, pool, nature preserve, Eastern Trail access), and a built-in clientele.
Diverse Development Potential with Strong Residential Applications
The property is situated within a flexible zoning district that allows for significant opportunities for residential development, which is in high demand in the area. Permitted uses within this zone include:
• Age-Restricted Residential Development: A highly desirable option, the zoning explicitly allows for age-restricted housing communities. This caters to a growing demographic seeking quality housing in the Arundel/Kennebunk/Kennebunkport area, offering a strong market for a developer.
• Seasonal Resorts: The zone allows for seasonal resort development, mirroring the successful model of the neighboring Preserve and tapping into the strong seasonal tourism market.
• Planned Mixed-Unit Development (PMUD): This allows for creative mixed-use projects that blend commercial services with residential living spaces, creating a vibrant, integrated community.
• General Commercial Uses: In addition to residential uses, the zone accommodates retail, restaurants, office spaces, and light industrial uses, allowing for a development that serves both its residents and the surrounding community.
Due Diligence
Prospective buyers are encouraged to contact the Town of Arundel Planning Board to confirm specific zoning details, permitted uses, and development standards. Verify utility connection requirements with the relevant municipal water authority and CMP (Central Maine Power) for electrical service. All development must align with the Town's comprehensive plan and land use ordnances.
PROPERTY FACTS
| Price | $893,389 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 9.18 AC |
| Zoning | BI - Business/Office Park/Industrial District | ||
| Price | $893,389 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 9.18 AC |
| Zoning | BI - Business/Office Park/Industrial District |
1 LOT AVAILABLE
Lot C-1
| Price | $893,389 CAD | Lot Size | 9.18 AC |
| Price Per AC | $97,319.04 CAD |
| Price | $893,389 CAD |
| Price Per AC | $97,319.04 CAD |
| Lot Size | 9.18 AC |
DESCRIPTION
The property is situated within a flexible zoning district that allows for significant opportunities for residential development, which is in high demand in the area. Permitted uses within this zone include: • Age-Restricted Residential Development: A highly desirable option, the zoning explicitly allows for age-restricted housing communities. This caters to a growing demographic seeking quality housing in the Arundel/Kennebunk/Kennebunkport area, offering a strong market for a developer. • Seasonal Resorts: The zone allows for seasonal resort development, mirroring the successful model of the neighboring Preserve and tapping into the strong seasonal tourism market. • Planned Mixed-Unit Development (PMUD): This allows for creative mixed-use projects that blend commercial services with residential living spaces, creating a vibrant, integrated community. • General Commercial Uses: In addition to residential uses, the zone accommodates retail, restaurants, office spaces, and light industrial uses, allowing for a development that serves both its residents and the surrounding community.
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1976 Portland Rd - Arundel Land
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