Vacant Storefront Property with New
For Sale
$349,900
292 Main Street, Saco, ME 04072
Vacant one-level storefront with a new roof and street parking in downtown Saco.
Property Size1,288 SF
Days on Market622
Property Features for 292 Main Street
General Information
Standard status
Active
Size
1,288 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Building Details
Building Size
1,288 SF
Year Built
1923
Buildings
1
Stories
1
Listing Agency:
EXP Realty
(207) 286-7321
Listed By:
Melissa Rioux
(207) 286-7321
Source:
Startpoint
Added: Nov 22, 2024
Changed: Jul 30
Last Checked: Aug 5 at 1:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty
Investment Insights
Based on property information with market context.
292 Main Street in Saco, Maine is a vacant, historic storefront property built in 1923. The building is currently available and features a new roof, and the space is configured all on one level for straightforward customer access.
Positioned off US-Route 1 in a downtown area, the property sits between Bangor Savings Bank and NEW Sweets & Co. gluten-free bakery and cafe, with ample street parking serving the block. The location is also described as being conveniently near I-95 and the Amtrak train station.
The flexible, single-level layout supports a variety of retail and service concepts, including storefront retail, office use, or other small-business formats suited to a walk-in environment.
Positioned off US-Route 1 in a downtown area, the property sits between Bangor Savings Bank and NEW Sweets & Co. gluten-free bakery and cafe, with ample street parking serving the block. The location is also described as being conveniently near I-95 and the Amtrak train station.
The flexible, single-level layout supports a variety of retail and service concepts, including storefront retail, office use, or other small-business formats suited to a walk-in environment.
Key Highlights
- Built in 1923 storefront property
- Vacant space with a new roof
- All on one level for customer‑friendly access
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.1k | $24.96 |
| − Vacancy | −$4.0k | −$3.12 |
| EGI | $28.1k | $21.84 |
| − OpEx | −$7.0k | −$5.46 |
| NOI | $21.1k | $16.38 |
1,288 SF · lease $24.96/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$301.4K
$263.7K – $351.6K
NOI $21,097 @ 7.0% cap · market cap 6.03%
Second Best
Retail
$223.4K
$195.5K – $260.7K
NOI $15,641 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$408.3K
$357.3K – $476.3K
NOI $28,580 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,242
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Stem & Vine — 5 Alfred Rd # 101, Biddeford, ME 04005
- Majestic Flower Shop — 209 Main St, Saco, ME 04072
Frequently Asked Questions
What type of property is this?
Storefront property - Vacant one-level storefront with a new roof and street parking in downtown Saco.
Where is this storefront property located?
The property is located at 292 Main Street Saco, ME.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Built in 1923 storefront property; Vacant space with a new roof; All on one level for customer‑friendly access
