650 Main STSaco, ME 04072MLS Number 1247430

  • Price $625,000
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Federal 30-year interest rate: 4.20% last updated on Jan 5, 2017
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $625,000List Price
  • 1955Year Built
  • 0.93Acreage

Listing Tools

Listed well below replacement cost for this 20-unit motel. It has great cash flow operating the motel with weekly rentals as it has been for several years. Its long-term potential is likely as medical or retail use with drive-thru which are permitted in this business-friendly B-2b zone. Site enjoys strong Rt. 1 visibility, high traffic count exceeding 21, 000 daily and located just north of I195 ramp. Also listed as hospitality and land.

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Property Details of 650 Main ST

Property Details

Listing

  • List Price: $625,000
  • MLS Number: 1247430
  • Status: ACT
  • Acreage: 0.93
  • Date Listed: 2016-11-29T10:46:56
  • Modification Date: 11/29/2016
  • Broker Name: The Maine Real Estate Network

Building

  • Year Built: 1955
  • Zoning: B-2b
  • Stories: 2
  • Building Construction: Wood Frame

Location

  • Building Number: 650
  • Street: Main ST
  • Town: Saco
  • County: York
  • State: ME
  • Zip: 04072
  • Address: 650 Main ST

Interior Features

Basement

  • Basement: Full, Unfinished, Walk-Out

Exterior Features

Features

  • Parking Spaces: 21+ Spaces, On Site, Paved
  • Vehicle Storage: Off Street Parking
  • Driveway: Common, Paved
  • Road Frontage: 200
  • Road Frontage Description: Public
  • Exterior: Clapboard

Utilities and Appliances

Utilities and Appliances

  • Heat System: Baseboard
  • Heating Fuel: Oil
  • Water: Public
  • Water Heater: Tank
  • Waste Water Disposal: Public

Community

No Data Found

Other Details

Finance

  • Taxes: $9,136

Saco, ME Demographics

There is no data available

Saco, ME Real Estate Market Data

There is no data available

Saco, ME Schools

School NameDistanceTypeGradesTest Score RatingParent Rating
n/a

Michael Rogers

Michael Rogers

207-318-9984

My real estate background dates back to when I was around 12 years old helping my older siblings (I have ten siblings) clean apartments owned by my parents. By 14, I was helping carpenters renovate apartments during school vacations.   Removing plaster from walls was my specialty before I started painting.  I think I got more paint on me than the walls.

Little did I know I would return to my real estate roots when I accepted a corporate real estate executive position with Xerox Corporation in Stamford, CT. I was in charge of negotiating real estate contracts for the Northeast Region. I worked with large New York City metropolitan area developers, brokerage firms and corporations.

I have a BS degree in Accountancy from Bentley University and an MBA degree from Penn State University’s Smeal Graduate School of Business. I taught managerial accounting while matriculating at Penn State.

Prior to graduate school I was an accountant in Lexington, MA, with a semiconductor firm later purchased by Texas Instruments.  After Xerox I founded a real estate brokerage agency and later a real estate development company in Portland. I've brokered, built and managed various types of real estate including single-family, multi-unit, waterfront, office, retail, hospitality, industrial and land. 

I have experience in all aspects of residential and commercial real estate including site selection, feasibility, zoning, planning, design, placement, contractual negotiations, construction, marketing, and tenant fit-up.  I assist clients, including individuals, corporations, developers, REITs, private wealth funds and 1031 exchanges, with their real estate requirements, locally and nationally.  My financial and developmental expertise enable me to add value beyond brokerage.   

I welcome the opportunity to assist you with your real estate requirement.

Listed by Michael Rogers of South Portland

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate independently verified. The Maine Real Estate Network participates in MREIS' Maine Internet Data Exchange (Maine IDX) program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. ©2017 Maine Real Estate Information System, Inc. All Rights Reserved.equal opportunity housing logo  Privacy Policy


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