Active under contract

642 Main Street

Saco ME, 04072

$1,650,000


Active under contract

16.37 Acres

Land

Courtesy of EXP Realty

Large tract of land is ideally suited for age-restricted multi-family housing as Saco lowers density to 1,000 square feet per dwelling unit versus existing 7,500 SF. Estimate a potential of 150 +/- dwellling units at 1,000 SF density.

Density is 3,000 SF when afforable housing (any age) is 51+% of the project.

Hospitality and storage are two other permitted uses.

It's an ideal location given I195 is a quarter mile south and Hannaford Supermarket is a half mile south. It's located in the Qualified Opportunity Zone.

List price is a plug as it's listed at $11,000 per door.

1603280

MLS ID

September 10, 2024

Listed

November 22, 2024

Updated

Map

642 Main Street
Saco ME, 04072

Exterior/Building Features

Lot Size

16.37 Acres


Lot Features

Level, Open Lot, Right of Way, Wooded, Near Turnpike/Interstate, Near Town


Sewer

Public Sewer

Other Property Details

Taxes

$1


Tax Frequency

Annually


Garage

No


Parking

21 Spaces, Common, On Site


View

No


County

York


Water Source

Public


Pool

No


Zoning

Portland Road

Listing History

Date

Event

Price

10/31/2024

Under contract

Listing Contact: 207-318-9984

Courtesy of  EXP Realty

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2024 Maine Real Estate Information System, Inc. All Rights Reserved. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Candice Camfferman + Catherine Hodge shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 1:31 PM UTC, 11/22/2024

 

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