650 Main St Saco, ME 04072
- Motels
- 5,808 SF
- 0.93 lot acres
Current Use by Public Records
- Star Car Rental / Car Rental Agency
Property Details for 650 Main St
- Year built
- 1955
- Construction
- FRAME
- Lot size
- 0.93 lot acres
- Property size
- 5,808 SF
- Zone code
- B-2B
- Property type
- Motels
- APN
- SACO M:042 L:010 U:001-000
- APU
- SACOM042L010U001000
Description
This exceptional 1.9-acre commercial lot, located at 650 Main Street in Saco, Maine (zip code 04072), presents a unique opportunity for retail development. Situated in York County, the property boasts a significant 380± foot frontage along Route 1, providing unparalleled visibility and accessibility. The zoning designation is B-2b (Highway Business District), allowing for a wide range of commercial uses. The parcel (APN: Parcel 10-2, Map 42) is ideally positioned near the northbound entrance to Route 195, a major artery serving the Maine Turnpike, ensuring high traffic volume and excellent exposure to a large customer base. The property is currently vacant and offers a single-tenant opportunity, making it perfect for a build-to-suit project or ground lease. While the total building square footage is currently listed as 1 square foot, this reflects the absence of existing structures, highlighting the potential for new construction. The number of parking spaces will be determined by the proposed development plans. This prime location offers significant potential for a thriving retail business. Interested parties should review the proposed concept plans for parking details.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $750,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $665,000
- 6.5%
- $615,000
- 7%
- $740,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $570,000
- Geo Method
- $710,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $600,000
- Retail
- $665,000
- Mixed-Use
- $610,000
- Hospitality
- $675,000
- Educational
- $625,000
- Residential Income
- $590,000
- Energy
- $780,000
- Income-Based Land
- $680,000
- Food Service
- $585,000
Location Insight
- Map
- Local Demand
- City
- Saco
- County
- York
- State
- Maine
- Longitude
- -70.4297
- Latitude
- 43.5158
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA