Redevelopment opportunity for 19.58 +/- acres with 543' +/- frontage on Route 1 southbound with daily traffic count approaching 20,000. Its proximity to I195 ramp, 1/4 mile to the south is appealing. The dearth of available land in this section of Route 1, part of Saco's expanding central business district, makes this site even more inviting. New Portland Road District zoning ordinance became effective in April 2021. It improves the development viability for this area of Rt. 1.A master plan with varied uses including retail, drive-thru, automobile dealership, commercial, residential (multi-family, townhouse & senior) and storage would be well received by the market and the town. It further qualifies for the Opportunity Zone Federal Investment Program. Residential use density is 7,500 SF, but elderly/disable use density is 1,000 SF, thereby making the site conducive to a high density residential development project.Nearby businesses include Sea Salt restaurant (next door), Southern Maine Health, Camden National Bank (next door), Norway Savings Bank, Aroma Joe's and the New Gorham Bike & Ski, across the street, among others. Hannaford's, Starbucks, McDonald's, Wendy's and VIP, et al., are just south.Currently, there is a single-story 10,550 SF building and several vacant buildings that are tear-downs. Smaller lots of the master plan are available, see the six listings.
Listing courtesy of Bean Group.
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