Lot 26A US HWY 1

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Lot 26A US HWY 1

Hancock, ME 04640
Asking Price
$71K
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel spanning 87,120 square feet total
  • Located directly on the US Highway 1 transit corridor
  • Situated within the coastal community of Hancock, Maine
  • Available for purchase with an asking price of $71,000
  • Suitable for private residential development or estate planning

What's Special

Hancock, Maine, provides a quiet coastal environment known for its natural beauty and connection to the Mount Desert Island region. This residential land parcel sits along US Highway 1, placing it within a significant transit corridor that serves both local residents and seasonal visitors traveling toward Acadia National Park. The area maintains a rural, scenic character typical of Downeast Maine, offering a tranquil setting for those looking to establish a permanent residence or a regional retreat. Comprising 87,120 square feet, this site provides ample acreage for development projects tailored to individual residential needs. The property is well-positioned for buyers seeking to capitalize on the growth of this submarket while maintaining proximity to major coastal access points. Potential uses for this lot include the construction of a single-family home or a larger estate property, taking advantage of the space and highway accessibility. This land represents a straightforward acquisition for those looking to invest in Maine real estate with direct visibility and accessibility.

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NOI
$80,000
Cap Rate
112.68%
DSCR
18.98
Strong
Cash-on-Cash
355.80%
Monthly Payment
$351.269
Annual Cash Flow
$75,784.769

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