642-644 Main Street Unit: Left Side

Saco, ME, 04072

$3,000,000

$3,000,000
Active
Active
 - For Sale
property_type
Land
Opportunity to acquire 16.37+/- acres with high density of 1,000 square feet per residential unit permitted for age-restricted (55+) and disabled use to construct estimated 250 +/- residential units, subject to engineering and approvals. This is the highest and best use. Otherwise, density is 7,000 SF/residential unit. Included in this tract would be the corner pad site created with the new Rt. 1 entrance squared off with Ross Road. Highest and best use for the pad site would be a bank or QSR (quick service retail). Daily vehicle traffic count approaches 20,000, and I195 exit is two blocks south. Nearby businesses include Sea Salt restaurant (next door), Southern Maine Health, Camden National Bank, Norway Savings Bank, Aroma Joe's and Gorham Bike & Ski, among others. Hannaford's, Starbucks, McDonald's, Wendy's and VIP, et al., are just south of the subject property. Opportunity Zone Federal Investment Program is another benefit. List price is a placeholder as the purchase price will be determined by a metric of the number of approved residential units and value of the retail corner pad site.
MLS® ID:
1472444
Updated:
10/4/22
Legacy Properties Sotheby's International Realty
Michele Perejda

Exterior/Building Features

Lot Size
16.37 acres lot

Other Property Details

Taxes
$1111
Tax Frequency
per YEAR
Garage
No
Parking
21 Spaces, On Site
View
N
County
York
Water Source
Public
Pool
No
Zoning
Portland Road

Listed by Michael Rogers, Bean Group

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Michele Perejda shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 2:56 AM UTC, 10/4/22

Legacy Properties Sotheby's International Realty
Michele Perejda
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