For Sale
$2,900,000

345 North St Saco, ME 04072

Prime 14,000 SF restaurant, redevelopment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional mixed-use property, located at 345 North Street in Saco, Maine, presents a compelling redevelopment opportunity. The 1.7-acre lot boasts approximately 300 feet of frontage on Route 112, offering significant visibility and accessibility. The property comprises three buildings totaling 14,000 square feet, currently leased to multiple tenants. Construction dates back to 1827, with renovations completed in 1998. Building 2 features a fully equipped commercial kitchen and bar, complete with an outdoor deck. The property is zoned B2C and benefits from its strategic location directly across from the new Maine Turnpike Exit 35 ramp onto Route 112, scheduled for completion in 2024. This new exit will provide convenient access to the Sebago Lake Region, significantly increasing traffic flow and visibility for the property. The four-story buildings offer considerable potential for various uses, making this a highly attractive investment for those seeking a prime redevelopment project in a rapidly growing area. The asking price is $2,900,000. This is a rare opportunity to acquire a substantial property in a desirable location with excellent future growth potential.

Highlights

  • Prime redevelopment opportunity in Saco, ME.
  • 1.7-acre lot with 300 feet of Route 112 frontage.
  • Three buildings totaling 14,000 square feet, currently leased.
  • Building 2 includes a commercial kitchen and bar with outdoor deck.
  • B2C zoning, directly across from the new Maine Turnpike Exit 35 (opening 2024).
  • Asking price: $2,900,000.

Property Details for 345 North St

Property type
Retail properties, Restaurants
Square Feet
14,000 SF
Year Built/Renovated
1827/1998
Buildings
3
Stories
4
Lot Size (sq. ft)
74,052 SF

Location Insight

City
Saco
County
York
State
Maine
Latitude
43.5198246
Longitude
-70.4562056

FAQs

What type of property is this?
Retail property - Prime 14,000 SF restaurant, redevelopment opportunity.
Where is the retail property located?
The property is located at 345 North St Saco, ME.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Prime redevelopment opportunity in Saco, ME.; 1.7-acre lot with 300 feet of Route 112 frontage.; Three buildings totaling 14,000 square feet, currently leased.
How can I contact the broker?
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345 North St
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