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    937 Portland Rd Saco, ME 04072

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    For Sale
    $2,350,000

    High-visibility retail property with long-term tenants and income potential.

    Lot size:
    1.39 Acres

    Property Features for 937 Portland Rd

    General Information

    Lot size
    1.39 Acres

    Source: CORE 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

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Saco
    County
    York
    State
    Maine
    Longitude
    -70.4110778
    Latitude
    43.5471009

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    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.
    (207) 210-5677
    Request Owner's contact information
    937 Portland Rd Saco, ME 04072
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    937 Portland Rd
    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
    937 Portland Rd Saco, ME 04072
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