642-644 Main Street

Vacant Land for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30662898
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 18.65 Acres
Sale Price: $2,700,000
Unit Price: $144,772 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 6/28/2022

Overview / Comments

Redevelopment opportunity for 18.65 +/- acres with 340' +/- frontage on Route 1 southbound with daily traffic count approaching 20,000. Its proximity to I195 ramp, 1/4 mile to the south is appealing. Dearth of available land in this section of Route 1, part of Saco's expanding central business district, makes this site even more inviting.

Land is improved with a single-story 10,550 SF building and several vacant buildings.

Portland Road District residential use density is 7,500 SF, but elderly/disable use density is 1,000 SF, thereby making the site conducive to a high density residential development project. Two pad sites along Route 1 would be ideal for retail uses. Varied commercial uses are permitted. Pad sites are available.

Qualifies for the Opportunity Zone Federal Investment Program.

Nearby businesses include Sea Salt restaurant (next door), Southern Maine Health, Camden National Bank (next door), Norway Savings Bank, Aroma Joe's and the New Gorham Bike & Ski, across the street, among others. Hannaford's, Starbucks, McDonald's, Wendy's and VIP, et al., are just south.

Additional Details

Nearest MSA: Portland-South Portland
County: York
Tax ID/APN: L0021R, F1677R, L0023R
Zoning: PORTLAND ROAD
Property Visibility: Excellent
Site Description: Level site in the front that slopes to the rear.
Lot Frontage: 340
In Flood Plain?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,735 35,074 51,700
Median Age: 38.19 41.41 41.84
Households: 1,733 15,834 22,045

Contact

Photograph of Listing Agent

Michael Rogers

Bean Group NECPE Member
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