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Improved Mixed-Use Land for Sale in Falmouth, Maine

82 Gray & 59 Leighton Rd, Falmouth, ME 04105

$1,550,000
2.83 acres
Active
$50k drop
Est $8,311/mo

Prime, highly visible, corner lot in Falmouth near turnpike exit! This prime development opportunity sits on one of Falmouth's most visible corners, just 0.2 miles from Maine Turnpike Exit 53, and offers exceptional potential for a wide range of permitted usesaEUR"including multi‑unit residential, restaurant, office, or retailaEUR"pending town approvals. The property consists of two separate lots sold together, each with its own driveway entrance and approval for additional access, and is serviced by public water and sewer. Existing structures include a partially finished 4,000+ SF Insulated Concrete Form (ICF) building with ICF walls in place for two floors and a full basement, concrete first and second floors, a basement designed for business inventory storage, a main level built to allow truck drive‑in access for unloading, and a second floor planned as a two‑unit dwelling, with most windows and many materials for completion already on site. Also included is a 1,260 SF Cape‑style home with 3-4 bedrooms, 2 baths, and a detached garage, which is move‑in ready or easily convertible into a small professional office suitable for medical, dental, real estate, or other service‑based uses. A third dwelling exists on the property but would require significant renovation or demolition. Square footage reflects the combined area of the existing residence and the potential finished space within the ICF structure

6,000
Sq feet

Location

Street address
82 Gray & 59 Leighton Rd
Elevation
89 feet
Coordinates
43.737, -70.2976

Property details

Acreage
2.83 acres
Zoning
VMU
MLS #
MREIS 1637851
Posted

Property taxes

2024
$10,518

Details and features

Listing

Type
Commercial Sale

Lot

Features
Bus Line, Business District, Near Shopping, Near Turnpike/ Interstate, Office Park, Public Transport Access, Retail Strip, Suburban

Exterior

Parking
Off Street

Structure

Basement
Full
Water
Public
Sewer
Public Sewer
Materials
Wood Frame

Listing history

DateEventPriceChangeSource
Jan 27, 2026Price drop$1,550,000$50,000 -3.1%MREIS
Dec 8, 2025Price drop$1,600,000$150,000 -8.6%MREIS
Sept 16, 2025New listing$1,750,000MREIS
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This 2.83-acre property is located at 82 Gray & 59 Leighton Rd in Falmouth, ME 04105. The property is available for sale for $1,550,000. It has a 6,000 sq ft structure.

Checked 2 hours ago — Updated

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