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642-650 Main StreetSaco, ME 04072MLS Number 1473151

  • Price: $3,500,000The price has recently decreased
  • Est. Mortgage of $/month
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Est. Mortgage: $/month

Federal 30-year interest rate: 3.56% last updated on 2022-01-20

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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642-650 Main Street Saco ME 04072642-650 Main Street Saco ME 04072
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  • 19.58Acreage
  • Portland RoadZoning
Redevelopment opportunity for 19.58 +/- acres with 543' +/- frontage on Route 1 southbound with daily traffic count approaching 20,000. Its proximity to I195 ramp, 1/4 mile to the south is appealing. The dearth of available land in this section of Route 1, part of Saco's expanding central business district, makes this site even more inviting. New Portland Road District zoning ordinance became effective in April 2021. It improves the development viability for this area of Rt. 1.A master plan with varied uses including retail, drive-thru, automobile dealership, commercial, residential (multi-family, townhouse & senior) and storage would be well received by the market and the town. It further qualifies for the Opportunity Zone Federal Investment Program. Residential use density is 7,500 SF, but elderly/disable use density is 1,000 SF, thereby making the site conducive to a high density residential development project.Nearby businesses include Sea Salt restaurant (next door), Southern Maine Health, Camden National Bank (next door), Norway Savings Bank, Aroma Joe's and the New Gorham Bike & Ski, across the street, among others. Hannaford's, Starbucks, McDonald's, Wendy's and VIP, et al., are just south.Currently, there is a single-story 10,550 SF building and several vacant buildings that are tear-downs. Smaller lots of the master plan are available, see the six listings.
Listed by Bean Group

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Coldwell Banker Team Real Estate

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Coldwell Banker Team Real Estate
778 Roosevelt Trail
Windham ME, 04062

Office: (207) 892-1600

More Info

Location Information

  • Building Number642-650
  • StreetMain Street

Property

  • WaterfrontNo
  • Road Frontage543
  • Acreage19.58
  • Water ViewNo

Utilities

  • Waste Water DisposalPublic Sewer
  • ElectricCircuit Breakers
  • GasNatural - At Street
  • WaterPublic

Other

  • Lot009-001,010,010-00
  • Parking Spaces21+ Spaces, On Site
  • SeasonalNo
  • View Count74

Tax Information

  • Tax Year20

Location

  • TownSaco
  • LocationBusiness District, Near Town, Near Turnpike/Interstate
  • StateME
  • CountyYork
  • DrivewayCommon, Paved
  • Map42
  • Road Frontage DescriptionPaved, Public
  • SiteLevel, Open, Rolling/Sloping, Wooded
  • Zip04072

Photos

  • Last Img Trans Date08/13/2021
  • Number of Photos2

Basic Information

  • List Price$3,500,000
  • Address642-650 Main Street
  • Broker NameBean Group
  • Modification Date10/23/2021
  • Broker ID2484
  • Agent ID003210
  • MLS Number1473151
  • MLS StatusActive
  • Property SubTypeLand

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

Coldwell Banker Team Real Estate participates in ©2022 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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