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    16 Philips Spg Rd Saco, ME 04072

    Sponsored
    For Sale
    $575,000

    5.98 Acres, Industrial Zoning, Utilities Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.98-acre parcel of commercially zoned land presents a unique investment opportunity in Saco, Maine. Located within the Saco Industrial Park, off Spring Hill Road, this undeveloped property boasts convenient access to essential utilities. Municipal water and sewer services are readily available, along with natural gas and 3-phase power directly along Phillips Spring Road. The property's zoning designation is Industrial, allowing for a wide range of potential development projects. Detailed property records are available, including Assessor's Reference (Map 42, Lot 1-2-4) and Deed Reference (Book 17946, Page 855). The City of Saco is the current owner. This prime location offers significant potential for businesses seeking to establish or expand their operations in a thriving industrial area. The expansive lot size provides ample space for various development scenarios, making it an attractive proposition for developers and investors alike. The readily available utilities significantly reduce the upfront costs and complexities associated with new construction. This is a rare opportunity to acquire a substantial industrial land parcel in a desirable location with excellent infrastructure.

    Property Features for 16 Philips Spg Rd

    General Information

    Property type
    Land
    Lot Size
    260,489 SF

    HighLights

    • Owner: City of Saco
    • Assessor's Reference: Map 42, Lot 1‑2‑4
    • Deed Reference: Book 17946, Page 855
    • Zoning: Industrial
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Saco
    County
    York
    State
    Maine
    Longitude
    -70.4392176
    Latitude
    43.5314725

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    FAQs

    What type of property is this?
    Land - 5.98 Acres, Industrial Zoning, Utilities Available
    Where is this land located?
    The property is located at 16 Philips Spg Rd Saco, ME.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Owner: City of Saco; Assessor's Reference: Map 42, Lot 1-2-4; Deed Reference: Book 17946, Page 855
    Request Owner's contact information
    16 Philips Spg Rd Saco, ME 04072
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    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
    16 Philips Spg Rd Saco, ME 04072
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