Bought with Benchmark Real Estate
$2,200,000
$2,200,000
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1015 Portland RD Saco, ME 04072
16,168 SqFt
Key Details
Sold Price $2,200,000
Property Type Commercial Sale
Sub Type Mixed Use
Listing Status Sold
Square Footage 16,168 sqft
MLS Listing ID 1483777
Sold Date 08/17/21
HOA Y/N No
Originating Board Maine Listings
Annual Tax Amount $28,741
Tax Year 2020
Lot Size 5.100 Acres
Acres 5.1
Property 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%.
Location
State ME
County York
Zoning MU-3
Interior
Interior Features Storage
Equipment Internet Access Available, Cable
Exterior
Parking Features 21+ Spaces, On Site, Paved
Utilities Available 1
View Y/N No
Building
Lot Description Near Turnpike/Interstate, Near Airport, Near Shopping
Sewer Private Sewer, Septic Existing on Site
Water Public
Others
Energy Description Propane, Oil, Gas Bottled
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