This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
642 Main St - 642-644 Main Street
15.62 Acres of Commercial Land Offered at $1,650,000 in Saco, ME 04072
Investment Highlights
- High traffic count
- I195 ramp quarter mile away
Executive Summary
Property Facts
| Price | $1,650,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| Sale Conditions | 1031 Exchange | Total Lot Size | 15.62 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | $1,650,000 |
| Sale Type | Investment |
| Sale Conditions | 1031 Exchange |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 15.62 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $1,650,000 | Lot Size | 15.62 AC |
| Price Per AC | $105,634 |
| Price | $1,650,000 |
| Price Per AC | $105,634 |
| Lot Size | 15.62 AC |
Level lot in front with a gradual slope.
Description
Large tract of land is ideally suited for age-restricted multi-family housing as Saco requires density of 1,000 square feet per dwelling unit. Estimate 150 to low 200 dwellling units with 1,000 SF density are achievable. Density is 3,000 SF when afforable housing (any age) is 51+% of the project. Hospitality and storage are two other permitted uses. It's an ideal location given I195 is a quarter mile south and Hannaford Supermarket is another quarter mile south. It's located in the Qualified Opportunity Zone. List price is a plug as it's listed at $11,000 per door.
zoning
| Zoning Code | Portland Road |
| Portland Road |
-
Michael Rogers -
eXp Realty
Presented by
642 Main St - 642-644 Main Street
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.