Development Land / For Sale

Vacant Land for Sale
Catylist Listing ID: 30295293
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail, Other
Gross Land Area: 1 - 6 Acres
Sale Price: $150,000 - 900,000
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/2/2021

Overview / Comments

Six 1±-acre development lots or any combination up to 6± Acres located off Route One at Cascade Falls South are being offered for sale. One aspect that makes Cascades Falls South so attractive to retailers and office users is that it is serviced by traffic lights (one at the intersection of Cascades Road and Route One and the other will be at the Intersection of Route 1 and Waterfall Drive) as well as an entrance off of Cascades Road. This area sees exceptionally high traffic counts and—most importantly—the demographics within a 3.5 mile radius include three communities: Saco, Old Orchard Beach and Scarborough. The Old Orchard Beach area has summer visitors in excess of 2 million annually from all over the Northeast and Canada. South Portland and Portland, Maine’s largest cities, are a 15 minute drive to the north. Inquire with your accountant about the fact that these sites are within the York County Opportunity Zone as enacted as part of the recent Federal Tax Reform Plan.

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: Map 64 Lot 6
Property Visibility: Good
Traffic/Vehicle Count: 19,750
Airports: Portland International Jetport
Site Description: MAP/LOT: City of Saco Assessors Map 64 Lot 6, Sublot 2 ZONE: MU3 (Contract Zone; York County Opportunity Zone) UTILITIES: Public water & sewer, gas and electric brought to the site
Lot Frontage: 999999
Zoning Description: Contract Zone MU3; York County Opportunity Zone
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 15,544 51,173
Median Age: 45.52 42.36
Households: 6,571 21,993
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