For Sale / Prime Development Opportunity / York County Land

Vacant Land for Sale
Also listed as Retail-Commercial, Industrial
Catylist Listing ID: 29979848
Property Subtypes: Hospitality, Industrial, Office, Residential (Single Family), Retail, Vacation/Resort
Gross Land Area: 67 Acres
Sale Price: $1,400,000
Unit Price: $20,895 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/6/2019

Overview / Comments

986 Portland Road is a 67-acre lot with two buildings facing U.S. Route 1 presenting an ideal development opportunity. With its high visibility and traffic counts, the property lends itself to an array of various uses and combinations of uses.

Over time this Route 1 corridor has become highly commercial and the two residential structures on the site do not represent the highest and best use of this property’s potentials.

As mentioned earlier, there are two residential buildings on the property. These are more likely to be removed to make way for development but currently are functional to the best of the broker’s knowledge.

2-story main building (built in 1900) that is 1,300± SF;
1-story lodge building (built in 1971) that is 540± SF and; barn (SF unknown).

The property is currently an active Tree Growth property. A site plan is available from the broker.

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: York
Taxing Authority: Scarborough, Maine
Tax ID/APN: Map 63 Lot 1
Property Visibility: Excellent
Feet of Frontage: 360
Traffic/Vehicle Count: 18,190
Highway Access: 95
Airports: Portland International Jet Port
Site Description: POTENTIAL USES: Retail, hospitality, office, health care, restaurant, fitness, banking/ financial, recreational Public water with public sewer stubbed to site
Area Description: Located in Saco, Maine.
Lot Frontage: 360
Zoning Description: Planned Mixed Use District
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 16,696 53,220
Median Age: 45.36 42.19
Households: 7,151 22,779
The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.