650 Main StSaco, ME 04072

Property Details for 650 Main St

Year built

1955

Construction

FRAME

Lot size

0.93 AC

Property size (Sq ft)

5,808 SF

Zone code

B-2B

Property type

Hospitality properties

Property subtype

Motels

APN

SACO M:042 L:010 U:001-000

APU

SACOM042L010U001000

Description

This exceptional 1.9-acre commercial lot, located at 650 Main Street in Saco, Maine (zip code 04072), presents a unique opportunity for retail development. Situated in York County, the property boasts a significant 380± foot frontage along Route 1, providing unparalleled visibility and accessibility. The zoning designation is B-2b (Highway Business District), allowing for a wide range of commercial uses. The parcel (APN: Parcel 10-2, Map 42) is ideally positioned near the northbound entrance to Route 195, a major artery serving the Maine Turnpike, ensuring high traffic volume and excellent exposure to a large customer base. The property is currently vacant and offers a single-tenant opportunity, making it perfect for a build-to-suit project or ground lease. While the total building square footage is currently listed as 1 square foot, this reflects the absence of existing structures, highlighting the potential for new construction. The number of parking spaces will be determined by the proposed development plans. This prime location offers significant potential for a thriving retail business. Interested parties should review the proposed concept plans for parking details.

• CAP approach

  CAP return

  Valuation

  6%

  $1,090,668

  6.5%

  $1,006,770

  7%

  $934,858

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,783,352

  Geo Method

  $1,783,352

• Alternative Use

  Use

  Valuation

  Residential

  $1,099,101

  Hospitality

  $1,006,770

  Educational

  $837,621

  Medical

  $866,428

  Retail

  $1,302,966

Location Insight

City

Saco

County

York

State

Maine

Latitude

43.5158

Longitude

-70.4297

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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