Catylist ID:
#30877010
| Catylist Listing ID: | 30877010 |
| Property Subtypes: | Hospitality, Industrial, Multi-Family |
| Gross Land Area: | 15.62 - 16.37 Acres |
| Sale Price: | $1,650,000 |
| In Opportunity Zone? | Yes |
| Land Splits Available: | Yes |
| Adjacent Parcels Available: | Yes |
| Sale Terms: | Cash to Seller, Owner Financing |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/13/2024 |
Overview / Comments
|
Large tract of land is ideally suited for age-restricted multi-family housing as Saco lowers density to 1,000 square feet per dwelling unit versus existing 7,500 SF. Estimate a potential of 150 +/- dwellling units at 1,000 SF density. Density is 3,000 SF when afforable housing (any age) is 51+% of the project. Hospitality and storage are two other permitted uses. It's an ideal location given I195 is a quarter mile south and Hannaford Supermarket is a half mile south. It's located in the Qualified Opportunity Zone. List price is a plug as it's listed at $11,000 per door. |
Attachments & Media
Additional Details
| Nearest MSA: | Portland-South Portland |
| County: | York |
| Submarket/Township: | Biddeford/Saco |
| Submarket Type: | Central Business District |
| Tax ID/APN: | 31220_042009001000 |
| Zoning: | PORTLAND ROAD |
| Property Visibility: | Excellent |
| Feet of Frontage: | 190 |
| Traffic/Vehicle Count: | 20,000 |
| Highway Access: | I195 is a quarter mile south. |
| Site Description: | Level in front then sloping. |
| Lot Frontage: | 190 |
| Part of Planned Development?: | Yes |
| Topography: | Gently Sloping |
| Available Utilities: | Electric, Water, Gas, Sewer, Storm Drain, Internet Access |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
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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