Property profile

650 Main St Saco, ME 04072

FOR LEASE
Motels
Property ID
US42-0190884
5,808 SF 0.93 ac lot Built 1955
Entity Owned 2-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Car Rental Facility

Location

650 Main St Saco, ME 04072
Saco metro Census 5200 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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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

since 2024
Last sale
$750,000
2 recorded transactions
2024
Price N/A
2022
$750,000

Zoning & alternative use

B-2B · Saco, ME

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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