16 Philips Spg Rd Saco, ME 04072
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.