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    642 Main St Saco, ME 04072

    For Sale
    $1,650,000

    LAND - Saco, ME

    Lot size:
    16.37 Acres
    Days on Market:
    226
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 642 Main St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Portland Road
    Lot size
    16.37 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    EXP REALTY LLC (856) 207-1951 [email protected]

    Listing agent Michael Rogers (888) 439-8743

    Listing date Apr 24, 2025

    MLS# 1603280 Listing URL

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Saco Land Ideal for Development

    This large 16.37-acre tract of land is ideally suited for age-restricted multi-family housing. The location is in a Qualified Opportunity Zone. The property is located a quarter mile south of I195 and a half mile south of Hannaford Supermarket. The zoning is Portland Road. Other permitted uses include hospitality and storage. The property is located in Saco, Maine.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saco
    County
    York
    State
    Maine
    Longitude
    -70.431084
    Latitude
    43.514797

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    FAQs

    What type of property is this?
    Commercial land - Large 16.37-acre tract suited for multi-family or hospitality development.
    Where is this commercial land located?
    The property is located at 642 Main St Saco, ME.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: - Suited for age-restricted multi-family housing with potential for **150 +/- dwelling units** due to reduced density requirements.; - Located in a Qualified Opportunity Zone.; - Proximity to I195 (0.25 miles) and Hannaford Supermarket (0.5 miles).
    (888) 439-8743
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    642 Main St Saco, ME 04072
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    Saco, ME 04072
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    642 Main St Saco, ME 04072
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