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642 Main Street, Saco, ME 04072

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For Sale

$1,650,000

16.37 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • 16.4 acres
    Lot size

Explore this Property

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.
MLS# 1603280

Courtesy Of EXP REALTY LLC
PO Box 864, Rangeley, ME 04970
(888) 439-8743

Property Features

  • Amenities
    Dock
  • Architecture Style
    Other
  • Lot Size
    16.37 Acres

Map and Directions

Directions to 642 Main Street, Saco, ME 04072

Home seller CENTURY 21 North East

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Monthly Payment Breakdown

  • Principle and Interest
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  • Hazard Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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