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    Smada Dr Sanford, ME 04073

    Sponsored
    For Sale
    $290,000

    Prime 1.04-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.04-acre commercial land parcel, identified by APN 8169, presents a unique investment opportunity in Sanford, Maine. Located on Smada Drive in York County, zip code 04073, this property boasts a highly visible corner lot position at the entrance to the Sanford Industrial Park and directly across from the Sanford Seacoast Regional Airport. The permitted zoning is IB - INDUSTRIAL BUSINESS, allowing for a variety of commercial uses. The lot's size is suitable for constructing a building up to 40' x 120' with ample parking. This strategic location offers high visibility and strong traffic counts, benefiting from its proximity to major retailers such as Walmart and Lowe's. Utilities are readily available, simplifying the development process. Originally part of a business park plan developed in the late 1970s, this property provides convenient access to Sanford, as well as neighboring towns like Kennebunk and Wells, making it an attractive location for businesses seeking high visibility and easy access to major transportation routes. The asking price for this exceptional property is $290,000.

    Property Features for 0 Smada Dr

    General Information

    Property type
    Land
    Lot Size
    45,302 SF

    HighLights

    • 1.04‑acre commercial lot in Sanford, ME (APN 8169) for $290,000.
    • High‑visibility corner lot at Sanford Industrial Park entrance, across from Sanford Seacoast Regional Airport.
    • IB (Industrial Business) zoning allows diverse commercial uses.
    • Suitable for a 40' x 120' building with ample parking.
    • Excellent location near major retailers (Walmart, Lowe's) with high traffic counts and readily available utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sanford
    County
    York
    State
    Maine
    Longitude
    -70.698812322438
    Latitude
    43.398445846148

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    FAQs

    What type of property is this?
    Land - Prime 1.04-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at Smada Dr Sanford, ME.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: 1.04-acre commercial lot in Sanford, ME (APN 8169) for $290,000.; High-visibility corner lot at Sanford Industrial Park entrance, across from Sanford Seacoast Regional Airport.; IB (Industrial Business) zoning allows diverse commercial uses.
    (833) 746-6479
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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

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    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
    Smada Dr Sanford, ME 04073
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