Cascade Road Land Development Opportunity 14.6 Acres - Multiple Use

Vacant Land for Sale
Catylist Listing ID: 30590180
Property Subtypes: Mobile Home Park, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 14.60 Acres
Sale Price: $300,000
Unit Price: $20,547 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/20/2020

Overview / Comments

The 14.6 acre parcel is an interior wooded parcel is approximately 150 feet from Cascade Road. A ROW or easement will be provided to access the parcel to allow construction of short road which meet Town standards.

The parcel is flat and mostly dry. It does have an area on the rear southeast corner that is wet. The parcel is zoned B-2A which allows a variety of commercial and housing types. The City is currently reviewing zoning to allow more flexible multi-family development. The site is also zoned with a Mobile Home Park Overlay zone, allowing density of 6500 square feet per lot, if public sewer provided. Soil would also be suitable for septic systems subject to testing.

Public sewer is approximately 1/3 mile north on Cascade Road at the intersection of Waterfall Drive. This sewer could be extended in conjunction with the development of the adjacent 22 acre parcel. The parcel could also be developed in conjunction with the existing mobile home park adjacent on the southwest side.

Additional Details

Nearest MSA: Portland-South Portland
County: York
Taxing Authority: City of Saco
Tax ID/APN: Map 47, Lot 4
Zoning: B-2A MUTLTIPLE USE WITH MOBILE HOME PARK OVERLAY
Property Located Between: Portland Road (US Route One) and Ross Road
Property Visibility: Good
Legal Description: Book 1914 Book 617
Largest Nearby Street: Cascade Road, then 1/3 mile to Portland Road, (US Route One)
Feet of Frontage: 100
Highway Access: Direct access to Cascade Road over short ROW
Airports: Portland International Jetport 12 miles north
Site Description: Rectangular, wooded, mostly flat with approx. 2 acre depression on the southeast rear corner.
Area Description: The property is 12 miles to Portland and 10 miles to Maine Mall on Us Route One; 4 miles to Old Orchard Beach; 4 mies to Downtown Saco and the I-95 Connector.
Lot Frontage: N/A
Lot Depth: 500 feet
Zoning Description: B-2A allowing residential and commercial with a Mobile Home Park Overlay
Topography: Level
Easements: Ingress/Egress
Easements Description: Approx.150 feet access to Cascade Road. Width will meet City street standards
Soil Type: Sandy
Available Utilities: Electric, Water, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 20,669 51,355
Median Age: 44.82 42.4
Households: 9,553 22,270

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