$500,000

This property is an unusual 52-acre property with a substantial collection of buildings. It was purchased 20 years ago for a potential institutional, educational, retreat or adaptive-reuse property, rather than its value as 52 acres of vacant land. There are 13 existing buildings, which appear to be sound but have not been used for many years and most likely either need to be torn down or extensively renovated. The zoning is B-1 which is Mount Hope’s Business District, which permits a range of commercial uses, including offices, retail, restaurants and convenience stores, certain industrial, institutional and hospitality uses with Planning Board approval. The Town describes B-1 as a commercial district with less restrictive bulk requirements than its Local Business (LB) district. Permitted principal uses - Offices and professional offices- Banks- Restaurants and other eating and drinking establishments- Retail stores- Convenience stores-Personal-service businesses. Seller is anxious to sell and will entertain all reasonable offers. Assessor has value north of $1M. Seller will entertain all reasonable offers.