Bought with Freedom Realty
$750,000
$799,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
0.93 Acres Lot
SOLD DATE : 04/29/2022
Key Details
Sold Price $750,000
Property Type Land
Listing Status Sold
MLS Listing ID 1440209
Sold Date 04/29/22
HOA Y/N No
Annual Tax Amount $1,111
Tax Year 20
Lot Size 0.930 Acres
Acres 0.93
Source Maine Listings
Property Description
Former 20-key Hilltop Motor Inn and office is available to renovate or redevelop into any of the many permitted business uses. The 0.93 acre pad is improved with the 5,805 +/- square foot two-story building and enjoys 203' +/- frontage on Rt. 1 in Saco's expanding business district.
Nearby businesses include Sea Salt restaurant (next door), Southern Maine Health, Camden National Bank, Norway Savings Bank, Aroma Joe's and the New Gorham Bike & Ski, among others. Hannaford's, Starbucks, McDonald's, Wendy's and VIP, et al., are just south of the subject property.
Rooms average around 200 square feet. Each room has a bathroom.
Highest and best uses are retail, hospitality and medical. Qualifies for Opportunity Zone Federal Investment Program.
An interested buyer could acquire additional land behind the improved with two-unit (legal three-unit), three cabins and garage.
There is a conceptual plan for development of the abutting land. Additional land is available.
Location
State ME
County York
Zoning Portland Road
Exterior
Parking Features 21+ Spaces, Common, On Site
View Y/N No
Street Surface Paved
Building
Lot Description Level, Near Public Beach, Near Turnpike/Interstate, Near Town
Sewer Public Sewer
Water Public
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