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    FOR SALE
    Investment properties

    644 Main St, Saco, ME 04072

    15.28 ac lot
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US42-0360764
    Property summary
    AI-generated overview

    This exceptional 2.28-acre commercial property at 644 Main Street in Saco, Maine, presents a compelling value-add investment opportunity. The property features a substantial 10,550+ square foot single-story building situated on a highly visible corner lot along Route 1, boasting over 20,000 vehicles passing daily. This prime location is within Saco's burgeoning business district, a rare find for its visibility and accessibility. A portion of the building is currently leased to a permitted medical marijuana grow operation under a short-term agreement. Beyond the main building, the property includes additional improvements such as a two-unit garage and cabins. The property is part of a larger master plan, offering potential for future development and expansion. Note that the listed price of $2,300,000 excludes a 0.5-acre front pad site

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Lot 15.28 ac (665,486 SF)
    Zoning code B-2B
    APN SACO M:042 L:010 U:000-000
    UPID US42-0360764
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    LEON M FOSTER
    LEON M FOSTER
    Zoning & alternative use
    B-2B · Saco, ME
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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