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Lot/Land for Sale: 642-644 Main Street, Saco, ME 04072

$3,000,000
$3,000,000
642-644 Main Street, Saco, ME 04072
$3,000,000
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31
Price:
$3,000,000
$1,000,000 - 08/11/2022

Type: Lot/Land
Lot Size: 16.37 acres
Taxes Paid: $1,111

City: Saco
County: York

MLS: 1472444
Status: Active
DOM: 349 days
Listed by Bean Group
Opportunity to acquire 16.37+/- acres with high density of 1,000 square feet per residential unit permitted for age-restricted (55+) and disabled use to construct estimated 250 +/- residential units, subject to engineering and approvals. This is the highest and best use. Otherwise, density is 7,000 SF/residential unit. Included in this tract would be the corner pad site created with the new Rt. 1 entrance squared off with Ross Road. Highest and best use for the pad site would be a bank or QSR (quick service retail). Daily vehicle traffic count approaches 20,000, and I195 exit is two blocks south. Nearby businesses include Sea Salt restaurant (next door), Southern Maine Health, Camden National Bank, Norway Savings Bank, Aroma Joe's and Gorham Bike & Ski, among others. Hannaford's, Starbucks, McDonald's, Wendy's and VIP, et al., are just south of the subject property. Opportunity Zone Federal Investment Program is another benefit. List price is a placeholder as the purchase price will be determined by a metric of the number of approved residential units and value of the retail corner pad site.

Lot & Building Features

Parking Description: 21+ Spaces, On Site
Tax Year: 21-22
Taxes Paid: $1,111
Water: Public

Price History of 642-644 Main Street, Saco, ME

Date Name Price Difference
08/11/2022 Price Adjustment $3,000,000 50.00%
07/18/2022 Price Adjustment $2,000,000 199,999,900.00%
07/16/2022 Price Adjustment $1 100.00%
04/20/2022 Price Adjustment $999,999 25.79%
10/23/2021 Listing Price $795,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 642-644 Main Street, Saco, ME

Location Map Street View Walk Score Bird's Eye
Photo of Kim Gero
Kim Gero
REALTORĀ®
Direct: 603-452-7268
Office
22 South Main St | PO Box 450
Wolfeboro, NH 03894
603-569-6060

644 Main Street (MLS #1472444) is a lot/land listing located in Saco, ME. This is a lot/land listing with a lot of 522,720 sqft (or 12.00 acres). This property was listed on 10/11/2020 and has been priced for sale at $795,000.

Nearby zip codes are 03909, 04005, 04038, 04064 and 04074. This property neighbors other cities such as Biddeford, Gorham, Old Orchard Beach, Scarborough and York.

MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Bean Group

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.