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512 Main St
Saco, ME 04072
Retail Property For Sale
Executive Summary
Stand Alone 6912 SF restaurant building with huge parking lot. Real estate and equipment only, does not include business. Property is in excellent condition. Existing tenant is under lease. Outstanding investment opportunity!
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,790 SF
Building Class
B
Year Built
1978
Price
$1,595,000
Price Per SF
$234.90
Cap Rate
7.27%
NOI
$115,957
Tenancy
Single
Building Height
2 Stories
Building FAR
0.49
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
B-2D
Parking
80 Spaces (7.9 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Restaurant
Property Taxes
| Parcel Number | SACO-000041-000008 | Improvements Assessment | $676,000 |
| Land Assessment | $527,900 | Total Assessment | $1,203,900 |
Property Taxes
Parcel Number
SACO-000041-000008
Land Assessment
$527,900
Improvements Assessment
$676,000
Total Assessment
$1,203,900
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