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Property profile & analytics
OFF-MARKET
Commercial real estate

4 Ben Way Saco, ME 04072

2,812 SF 0.18 ac lot Built 2022
Property ID
Property summary
AI-generated overview

This exceptional 0.18-acre lot at 4 Ben Way in Saco, Maine presents a unique opportunity for builders and developers. Located less than three miles from the beautiful beaches, this property boasts significant pre-construction advantages, saving considerable time and expense. The land is already cleared, and essential utilities are in place, including public water and sewer connections. The sewer impact fee has been fully paid, eliminating a major hurdle in the development process. A building permit, valid until September 2025, is already secured, streamlining the permitting process. Furthermore, a curb cut and street access have been established, providing convenient access to the site. A poured foundation with existing plumbing is already in place, representing a substantial head start on construction. Detailed plans are available for a two-unit condominium building, offering a clear vision for the project. This property is ideally suited for the construction of a two-unit condominium, offering a potentially lucrative investment opportunity in a highly desirable coastal location. With the groundwork already laid, this is a rare chance to capitalize on a nearly completed project, minimizing construction time and maximizing return on investment. The existing infrastructure and approved plans significantly reduce the complexities and delays often associated with new construction. Don't miss this chance to acquire a ready-to-finish development parcel in a prime Saco location. The 2,812 square foot building footprint offers ample space for a comfortable and profitable multi-unit dwelling.

Property profile
Verified
Property type Commercial real estate
Year built 2022
Total area 2,812 SF
Lot 0.18 ac (7,841 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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