57 Oxford Street, Augusta, ME 04330 (MLS # 1617526)

PRICE $700,000 BEDS 4 BATHS 2 HOME SIZE 2,414 sqft LOT SIZE 2.24 ac Request More Info Schedule a Showing

A Developer's Paradise Seize the chance to explore 57 Oxford Street in RC (High density Residential) zoned Augusta, Maine. Augusta allows for one dwelling to be constructed per 1,650 square feet, giving you a generous 2.24 acres to develop, which could accommodate around 59 units! This property offers a level terrain, along with essential town utilities, a delightful four-bedroom, two-bathroom farmhouse, and an upstairs apartment. With a spacious barn available for storage, you can reside in the farmhouse while developing the land. You might consider selling the house to help finance construction or even demolishing the barn and farmhouse to make room for additional units. An adjacent .08 acres was sold last year for $175,000, with plans to construct two 10-unit buildings starting this spring. For more details, refer to MLS#: 1554130. 57 Oxford is ideally situated for development. Just minutes from the Augusta shopping outlets and businesses, Augusta Civic Center, Restaurants, University of Maine, and Harold Alfond Center for Cancer Care and Hospital. Join the effort to address Maine's 84,000-unit housing shortage. Interested in more land for development? Check out the adjoining 4.73 acres.