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
Book: 4236
Leased Land: No
Page: 213
Map: 64
Lot: 002
Zoning Overlay: Unknown
Association Y/N: No
Street #: 1015
Street Name: Portland
Street Type: Road
County: York
Town: Saco
State/Province: ME
Zip Code: 04072
Zip +4: 9675
Zoning: MU-3
Full Tax Amount $: 28741
Tax Year: 2020
Geo Lat: 43.55531
Geo Lon: -70.403023
Property Information
Primary Use: Mixed Use
Surveyed: Unknown
Deed: Partial
Lot Size Acres +/-: 5.1
SqFt Finished Total: 16168
Location
Near Airport: 1
Near Shopping: 1
Near Turnpike/Interstate: 1
Commercial Bldg Information
Gross Income: 414180
Operating Expenses: 138374
Total Units: 33
Property Uses
Bar/Tavern/Lounge: 1
Bed & Breakfast: 1
Child Care: 1
Church: 1
Commercial: 1
Development: 1
Flex: 1
Governmental: 1
Hotel/Motel: 1
Medical: 1
Mobile/Trailer Park: 1
Other: 1
Resort: 1
Restaurant: 1
Retail: 1
Self Storage: 1
Recreational Water
Nearby: 1
Public: 1
Heat Fuel
Gas Bottled: 1
Oil: 1
Propane: 1
Building Features
Cable: 1
Internet Access Available: 1
Storage: 1
Parking
21+ Spaces: 1
On Site: 1
Paved: 1
Electric
Circuit Breakers: 1
Utilities
Utilities On: Yes
Gas
Bottled: 1
Sewer
Private Sewer: 1
Septic Tank: 1
Water
Public: 1
Sold Info
Appraiser Email Address: info@rdlappraisal.com
Contract Information
Status: Closed
Original List Price: 2200000
Sold Price: $2,200,000
Current Price: $2,200,000
Status Change Info
Pending Date: 2021-03-15
Closed Date: 2021-08-17
Closed Price: 2200000
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
IDX
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.