Redevelopment opportunity for 19.58 +/- acres with 543' +/- 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. The dearth of available land in this section of Route 1, part of Saco's expanding central business district, makes this site even more inviting. New Portland Road District zoning ordinance becomes effective in early April 2021. It will improve the development viability for the subject property.A master plan with varied uses including retail, drive-thru, automobile dealership, commercial, residential (multi-family, townhouse & senior) and storage would be well received by the market and the town. Qualifies for 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.Currently, there is a single-story 10,550 SF two tenanted building and several vacant buildings that are tear-downs. Smaller lots of the master plan are available, see the six listings.
Lot & Building Features
Parking Description:21+ Spaces, On Site
Price History of 642-650 Main Street, Saco, ME
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642-650 Main Street (MLS #1473151) is a lot/land listing located in Saco, ME.
This is a lot/land listing with a lot of 852,905 sqft (or 19.58 acres). This property was listed on 10/16/2020 and has been priced for sale at $3,500,000.
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