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Property profile & analytics
OFF-MARKET
Land

16 Philips Spg Rd Saco, ME 04072

5.98 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Lot 5.98 ac (260,489 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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