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642-644 Main Street, Saco, ME 04072

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Listing Type
lots/land
Listing Status
Active
Explore Saco, ME
7
Overview
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Commute
Transportation
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$3,000,000

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Home Details for 642-644 Main Street

Price
$3,000,000
Type
lots/land
Lot Size
16.37
County
York
Tax
$1,111
MLS Listing#
1472444

Property Description

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.
EXIT KEY REAL ESTATE
20 Emery Mills Road, Shapleigh, ME 04076
EXIT Key Real Estate
$3,000,000

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EXIT KEY REAL ESTATE
20 Emery Mills Road, Shapleigh, ME 04076
EXIT Key Real Estate