21 Buxton Road, Saco, ME 04072

Building Details

Building Size 2,590 SF More

Year Built 1900 More

Listing Agency: Kennebunk Beach Realty t***@kennebunkbeachrealty.com Show Phone

Listed By: Alexis Thomas Show Phone

Source: Integrityhomesrealestategroup

Added: Jul 11, 2025 Changed: Nov 11 Last Checked: Nov 10 at 6:11PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 2,590-SF grocery and convenience property in Saco includes an industrial kitchen and 390 SF of refrigerated and freezer storage. The building was renovated and has a history of serving as a market for more than three decades. An 8,500-SF parking area is also part of the property, and the zoning is WR.

The property is near a recently completed, high-volume turnpike exit. Its address is 21 Buxton Road, Saco, Maine. The site is also described as having potential for subdivision to create a residential building site; no specific subdivision or development approval is stated.

Key Highlights

• 2,590 SF grocery and convenience property
• Industrial kitchen and 390 SF of refrigerated/freezer space
• 8,500 SF parking area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,453

Cap Rate

2.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$629,060 $629.1K

Cap Rate 7%

$449,329 $449.3K

Cap Rate 9%

$349,478 $349.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,590 SF

Gross rent

$49.1K $18.96/SF

− Vacancy

−$4.2K −$1.61/SF

EGI

$44.9K $17.35/SF

− OpEx

−$13.5K −$5.20/SF

NOI

$31.5K $12.14/SF

Area

York County, ME

Vacancy

8.50%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$629,060

Cap Rate 7%

$449,329

Cap Rate 9%

$349,478

Alternative Uses

Best Use

Retail

$449.3K

$393.2K – $524.2K (±1% cap)

NOI $31,453 @ 7.0% cap · market cap 2.86%

Second Best

Specialty Retail

$447.5K

$391.6K – $522.1K (±1% cap)

NOI $31,325 @ 7.0% cap · market cap 2.85%

Theoretical Best

Office A

$821.0K

$718.4K – $957.9K (±1% cap)

NOI $57,471 @ 7.0% cap · market cap 5.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Hillview Market & Deli Food Market ATM Atm

Suggested Use

Top Pick Law Firm Hair Salon Auto Repair Shop Spa & Massage Center Restaurant Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

129

Businesses Nearby

963

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Hotels & Casinos 100%

Ramada by Wyndham Saco/Old Orchard Beach Area Hotels & Casinos

963 visits/mo 0.4 miles

Demographics for 04072, ME

20,381

Population

9,619

Households

2.1

Avg Household Size

43

Median Age

40%

College-Educated

96%

High-School Grad

38.6 sq mi

ZIP Area

528

Density / Sq Mi

$84,328

Median Household Income

$47,419

Median Earnings

$1,268

Median Rent

$370,300

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - An industrial kitchen and dedicated cold-storage areas support food-related operations.

Where is this grocery and convenience store located?

The property is located at 21 Buxton Road Saco, ME.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: 2,590 SF grocery and convenience property; Industrial kitchen and 390 SF of refrigerated/freezer space; 8,500 SF parking area