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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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7 Orange St , Portland, ME 04102
$595,000
Est. Payment: $1,322.22/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 145
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2698 - 009631,009700
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House Description

DEVELOPMENT OPPORTUNITY: Entitled 8-Unit Site in Portland's Coveted West End -- 100% Inclusionary Zoning (IZ) Exempt. Avoid the multi-year planning hurdles. This premium corner parcel is sold fully de-risked and conceptually entitled, packaged with a formal Zoning Summary Memorandum (Perkins Thompson) validating a full 8-unit build, alongside an architectural massing study (Kaplan Thompson Architects). By staying under the city's 10-unit threshold, this project is entirely exempt from Portland's strict Inclusionary Zoning mandates, affordable housing quotas, and fee-in-lieu penalties. Unmatched natural topography unlocks spectacular, unobstructed inner harbor and active boatyard views that begin directly from the ground-level grass and expand into a panoramic sweep from the upper floors and potential 45-foot rooftop deck. The site sits entirely outside the Historic Overlay District, and the natural downhill slope perfectly accommodates street-level, tucked-under parking to drastically minimize excavation costs.

Highlights

Listed by Briton Vitalius , 207-541-3755 and Christopher Sullivan , 207-541-3755 Vitalius Real Estate Group, LLC , 207-541-3755.

Property Type

Vacant Land

Lot/Acreage
0.14

County

Cumberland

Listing ID

1659152

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Water:None

Exterior Features

Lot:Intown,Near Shopping,Neighborhood,Corner Lot,Open Lot
Zoning:RN-4
Sewer:None
Parking Features:No Driveway
Principal Interest
$1,322
Taxes
$307

Home Price

$595,000

Loan Details

30 yrs
%

Down Payment

20%
$119,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,322.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,322.22 $306.92 $0.00 $1,629.14
Yearly $15,866.67 $3,683.00 $0.00 $19,549.67
Total $476,000.00 $110,490.00 $0.00 $586,490.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Portland, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.