Catylist ID:
#30662898
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. |
Attachments & Media
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 |
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 |
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