103 Read ST, Portland, ME 04103
103 Read ST, Portland, ME 04103
103 Read ST, Portland, ME 04103
6
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Listed by David Banks RE/MAX By The Bay
$1,500,000
Est. payment /mo
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1.41 Acres Lot
Active

103 Read ST Portland, ME 04103

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Elevate Maine Realty

Elevate Maine Realty

+1(207) 331-4565

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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

Maine MLS (MREIS) IDX

Nearby Locations

Elevate Maine Realty

Please Contact Me For More Information.

+1(207) 331-4565

info@elevatemaine.com

211 US-1, Falmouth, ME 04105-1301, USA

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103 Read ST