937 Portland Rd Saco, ME 04072
High-visibility retail property with long-term tenants and income potential.
Lot size:
1.39 AcresProperty Features for 937 Portland Rd
General Information
- Lot size
- 1.39 Acres
Source:
Moodyscre
Listing Agent: Josh Soley, Sior, Ccim
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Prime Retail Investment Opportunity
Located at 937 Portland Road in Saco, Maine, this retail property offers an investment opportunity. The building has a total size of 11,865 square feet and frontage on US-1. The property benefits from high visibility and exposure, with a traffic count of 16,180 vehicles per day. The property is situated off of Route One, the primary artery between Scarborough and Saco, one of Maine’s busiest thoroughfares, featuring an average daily traffic count of 18,500 vehicles and hosting Saco's wealth of synergistic summer entertainment venues. The property features three long-term tenants, providing stable rental income. Currently leased at an average rate of $13.74 per square foot, approximately 25% below market value, there exists potential for increased rental income upon lease renewal or renegotiation. Saco, Maine enjoys a robust retail market supported by a strong local economy and growing population. The property's location on a major thoroughfare ensures consistent foot traffic and visibility.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Beach Beverage Redemption
Bottle & Can Redemption Center
Seacoast Flooring
Carpet Store
Location Insight
- Map
- Local Demand
- City
- Saco
- County
- York
- State
- Maine
- Longitude
- -70.4110778
- Latitude
- 43.5471009
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - High-visibility retail property with long-term tenants and income potential.
Where is this retail space located?
The property is located at 937 Portland Rd Saco, ME.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: - Strategic location on US-1 (Portland Road) in Saco, Maine, a dominant retail traffic corridor.; - High visibility and exposure with substantial traffic count (16,180 - 18,500 vehicles per day).; - Stable rental income from three long-term tenants.