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    FOR LEASE
    Motels

    650 Main St, Saco, ME 04072

    5,808 SF 0.93 ac lot Built 1955
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US42-0190884
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Motels
    Use group MOTEL
    Year built 1955
    Construction FRAME
    Total area 5,808 SF
    Lot 0.93 ac (40,511 SF)
    Zoning code B-2B
    APN SACO M:042 L:010 U:001-000
    UPID US42-0190884
    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
    • Star Car Rental Car Rental Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $750k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $610k
    Blend (final) Blend
    $750k
    Owner & transaction history
    650 Main Street Saco LLC · 2 yrs held
    650 Main Street Saco LLC
    since 2024
    Last sale
    $750,000
    2 recorded transactions
    2024
    2022
    $750,000
    Zoning & alternative use
    B-2B · Saco, ME
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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