832 College Street

Investment Overview

Development opportunity: 23+ Luxury Single Family Homes (plans available), 272 apartments or 68 single family homes? 34+ acres, 2 parcels for sale. Located less than 2.5 miles just down the street from Bates College (that is why it is called College Street...), minutes from WalMart, The Home Depot, Hobby Lobby, Starbucks and other shops in vicinity of The Auburn Mall, under 1 hour drive time to The Portland International Jetport or Sebago Lake, 2.5 hours drive time to Fenway Park, or Boston Logan Airport. The 1st parcel is 832 College Street and has 200' ft. +/- of road frontage, contains 7 acres, a 3 bedroom, 2 bath, 1600+/- sq.ft. home with an updated kitchen on a full foundation and garage. The 2nd parcel is 816 College Street Rear, has 27+ acres of undeveloped land that abuts 832 College Street and is also accessible from Rejane Ave providing 2 access points to the 34+ acres. Medium Density Residential zoning per City of Lewiston. “Medium-density residential district (MDR). (a) Statement of purpose. The purpose of the medium-density residential district is to provide areas within the city for the development of good quality multifamily housing at densities up to eight units per acre, and good quality single-family housing, at densities of up to two units per acre, including mobile homes where appropriate, while protecting established neighborhoods from undesirable impacts from these uses”