644 Sf Building & Land Saco, ME 04072
- Retail properties
- 10,550 SF
- 2.28 lot acres
Current Use by Public Records
- Retail properties
Property Details for 644 Sf Building & Land
- Lot size
- 2.28 lot acres
- Property size
- 10,550 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional value-add opportunity presents a 10,550 square foot building situated on a 2.28-acre lot in Saco, Maine. The property, located at 644 Main Street, boasts a prime location with approximately 150 feet of frontage on Route 1, experiencing over 20,000 vehicles daily. The single-story building offers versatile mixed-use potential, suitable for various purposes including bank, quick-service restaurant (QSR), or traditional restaurant uses. Currently, a portion of the building is occupied by a tenant-at-will. The site also includes additional improvements such as a two-unit garage and cabins. An attractive feature is a buildable corner lot along Route 1. The property is part of a larger master plan and qualifies for the Opportunity Zone Federal Investment Program. Public water and sewer are available at the street. The asking price is $2,300,000, with an option to purchase the main building and land excluding a 0.5-acre pad site for $1,600,000. Additional land is available for purchase. This NNN-leased, multi-tenant property offers a compelling investment prospect with significant upside potential. The price per square foot is $218.01. The property is offered as a 1031 exchange opportunity. The total acreage available is between 2.28 and 16.37 acres.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saco
- County
- York
- State
- Maine
- Longitude
- -70.4297
- Latitude
- 43.5147
