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

Overview

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%.

Listing Details 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

Contract Information

Original List Price
2200000

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

More Information

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
IDX
Listing Office: Benchmark Real Estate
Selling 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 ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.