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47 Cumberland AvenuePortland, ME 04101Price: $2,255,000

  • Price: $2,255,000
  • 13 Days on Market
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Federal 30-year interest rate: 6.99% last updated on Jun 6, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $2,255,000List Price
  • 0.31Acreage
  • 882Square Feet
Listed by Benchmark Real Estate

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The site is currently home to a modest single family home (47 Cumberland) and a large open and level lot at the end of Sumner Ct (an improved private road just off North St). The building envelope is large, open, level and elevated affording expansive city skyline, Back Cove and White Mountain views. At a combined .31 acres or +/-13,590 sq/ft +/- the total possible unit count is 15 and the non-historic district, R6 Munjoy Hill Overlay zoning ensures the reimagine/redevelopment process will be streamlined. The options are many and the opportunities near limitless. From living in the single family with your very own urban oasis / orchard in the backyard to building a 1-2-3 family with your deluxe owners unit on the upper level to buy and pursue a mid to large scale development of condos, apartments of a mix... There is also more land and an adjacent 6 unit available for the investor/developer that might want more/more options. Opportunity is knocking!

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

Taylor & Kovacs Real Estate participates in ©2024 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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