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. Purchase price will be determined by the number of approved residential units and the corner pad site.
Lot & Building Features
Parking Description:21+ Spaces, On Site
Price History of 642-644 Main Street, Saco, ME
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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.
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