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About This Home
This land at 7 Orange Street in Portland, ME is listed for $695,000 (0.14 acres).
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.
Key Features
- 0.14 acre lot
Location
7 Orange Street
Portland, ME 04102
Property Details
Parking
Questions & Answers
This 0-bedroom, 0-bathroom land at 7 Orange Street is listed at $695,000. The estimated monthly payment is $3,012 based on 20% down at 6.5% interest.
Key features include: 0.14 acre lot.
This property is listed by Briton Vitalius and can be reached at 2075413755 or brit@vitalius.com.
