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    OFF-MARKET
    Office buildings

    292 Main St, Saco, ME 04072-1513

    1,288 SF 0.05 ac lot Built 1923
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US42-0460857
    Property summary
    AI-generated overview

    This exceptional 1,288 square foot commercial property at 292 Main Street, Saco, ME, presents a rare investment opportunity. Located in a vibrant downtown district, this vacant, single-level building boasts a newly installed roof and is ready for immediate occupancy. Its prime location, nestled between Bangor Savings Bank and Sweets & Co. bakery, ensures high foot traffic and visibility. Ample street parking is readily available. The property's 0.05-acre lot offers convenient access and is situated off US-Route 1, providing excellent exposure. Its proximity to the bustling downtown Biddeford area and easy access to I-95 and the Amtrak train station further enhance its appeal. The versatile space is ideal for a variety of uses, including but not limited to: yoga studio, dance studio, art studio, office space, retail shop, hair/nail salon, or a food-related business that could complement the neighboring cafe. This turnkey property offers an unparalleled chance to establish a thriving business in a rapidly growing area, capitalizing on Maine's anticipated 2025 tourism season. Don't miss this chance to own a piece of Saco's thriving commercial landscape. The asking price is $385,000.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1923
    Construction FRAME
    Total area 1,288 SF
    Lot 0.05 ac (2,178 SF)
    Zoning code B-3
    APN SACO M:038 L:103 U:001-000
    UPID US42-0460857
    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
    Current use
    Occupant on record · Public records
    • Platinum Pawn & Jewelry Discount Store (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    292 Main Street LLC · 1 yrs held
    292 Main Street LLC
    since 2025
    Last sale
    $330,000
    2 recorded transactions
    2025
    $330,000
    2023
    Zoning & alternative use
    B-3 · Saco, ME
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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