Saco Land for Multi-Family
For Sale
Contact for pricing
642 Main St, Saco, ME 04072
Large land tract suitable for age-restricted multi-family housing.
Property SizeContact for details
Days on Market713
Property Features for 642 Main St
General Information
Standard status
Active
Property subtype
Land
Zoning
Portland Road
Listing Agency:
Exp Realty
(207) 318-9984
Listed By:
Michael Rogers · License #ME BR900937
Source:
Crexi
Added: Aug 30, 2024
Changed: Aug 8
Last Checked: May 12 at 8:40PM
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.
This large tract of land is ideally suited for age-restricted multi-family housing, as the local requirements specify a density of 1,000 square feet per dwelling unit. Estimates suggest that over 150 dwelling units, each with 1,000 square feet, could be accommodated. Alternatively, a density of 3,000 square feet is permitted if affordable housing (for any age group) constitutes 51% or more of the project. Other permitted uses include hospitality and storage. The property is located a quarter mile north of I195 and Hannaford Supermarket, making it an ideal location. It is also situated within a Qualified Opportunity Zone. The property is located at 642 Main St, Saco, ME 04072.
Key Highlights
- Suited for age‑restricted multi‑family housing with potential for 150 +/- dwelling units.
- Located in a Qualified Opportunity Zone.
- Permitted uses include hospitality and storage.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Large land tract suitable for age-restricted multi-family housing.
Where is this commercial land located?
The property is located at 642 Main St Saco, ME.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Suited for age‑restricted multi‑family housing with potential for 150 +/- dwelling units.; Located in a Qualified Opportunity Zone.; Permitted uses include hospitality and storage.
