1015 Portland Road, Saco, ME 04072 (MLS# 1483777)
1015 Portland Road, Saco, ME 04072
$2,200,000
Property Type:
Commercial
Square Footage:
16,168
Lot Size (sq. ft.):
222,156
Status:
Closed
Current Price:
$2,200,000
List Date:
3/08/2021
Last Modified:
1/06/2025
Description
Outstanding investment and/or redevelopment opportunity. 5.1+/- acres parcel with outstanding visibility and traffic counts. Run as Blue Haven Motor Court for over 40 years with outstanding long term and stable rental history from 33 units. Current cap rate = 12%. Potential cape rate = 20%.
Supplements: ********
More Information MLS# 1483777
Location Information
Street #: 1015
Street Name: Portland
Street Type: Road
County: York
Town: Saco
State/Province: ME
Zip Code: 04072
Zip +4: 9675
Leased Land: No
Book: 4236
Page: 213
Map: 64
Lot: 002
Zoning: MU-3
Zoning Overlay: Unknown
Full Tax Amount $: 28741
Tax Year: 2020
Association Y/N: No
Geo Lat: 43.55531
Geo Lon: -70.403023
Contract Information
Status: Closed
Original List Price: 2200000
Sold Price: $2,200,000
Current Price: $2,200,000
Property Information
Primary Use: Mixed Use
Surveyed: Unknown
Deed: Partial
SqFt Finished Total: 16168
Lot Size Acres +/-: 5.1
Status Change Info
Pending Date: 2021-03-15
Closed Date: 2021-08-17
Closed Price: 2200000
Commercial Bldg Information
Gross Income: 414180
Operating Expenses: 138374
Total Units: 33
Utilities
Utilities On: Yes
Sold Info
Appraiser Email Address: info@rdlappraisal.com
Property Features
Location: Near Airport; Near Shopping; Near Turnpike/Interstate
Recreational Water: Nearby; Public
Property Uses: Bar/Tavern/Lounge; Bed & Breakfast; Child Care; Church; Commercial; Development; Flex; Governmental; Hotel/Motel; Medical; Mobile/Trailer Park; Other; Resort; Restaurant; Retail; Self Storage
Heat Fuel: Gas Bottled; Oil; Propane
Building Features: Cable; Internet Access Available; Storage
Parking: 21+ Spaces; On Site; Paved
Electric: Circuit Breakers
Gas: Bottled
Sewer: Private Sewer; Septic Tank
Water: Public
Documents
Map ›Listing Office: Benchmark Real Estate
Last Updated: January - 06 - 2025
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. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
