Property profile

292 Main St Saco, ME 04072

OFF-MARKET
Office buildings
Property ID
US42-0460857
1,288 SF 0.05 ac lot Built 1923
Entity Owned 1-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 1,288 square foot commercial property at 292 Main Street, Saco, ME, presents a rare investment opportunity. Located in a vibrant downtown district, this vacant, single-level building boasts a newly installed roof and is ready for immediate occupancy. Its prime location, nestled between Bangor Savings Bank and Sweets & Co. bakery, ensures high foot traffic and visibility. Ample street parking is readily available. The property's 0.05-acre lot offers convenient access and is situated off US-Route 1, providing excellent exposure. Its proximity to the bustling downtown Biddeford area and easy access to I-95 and the Amtrak train station further enhance its appeal. The versatile space is ideal for a variety of uses, including but not limited to: yoga studio, dance studio, art studio, office space, retail shop, hair/nail salon, or a food-related business that could complement the neighboring cafe. This turnkey property offers an unparalleled chance to establish a thriving business in a rapidly growing area, capitalizing on Maine's anticipated 2025 tourism season. Don't miss this chance to own a piece of Saco's thriving commercial landscape. The asking price is $385,000.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1923
Construction FRAME
Total area 1,288 SF
Lot 0.05 ac (2,178 SF)
Zoning code B-3
APN SACO M:038 L:103 U:001-000
UPID US42-0460857

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store (Bike/Boat/Book/etc) Store

Location

292 Main St Saco, ME 04072-1513
Saco metro Census 5301 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2025
Last sale
$330,000
2 recorded transactions
2025
$330,000
2023
Price N/A

Zoning & alternative use

B-3 · Saco, ME

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 292 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message