Development Lots with Route One Exposure

Vacant Land for Sale
Catylist Listing ID: 30180424
Property Subtypes: Agricultural, Hospitality, Office, Retail, Retail-Pad, Other
Gross Land Area: 1.30 Acres
Sale Price: $275,000 - 295,000
Unit Price: $211,538 - 226,923 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/11/2017

Overview / Comments

We are pleased to offer for sale three, 1.3-acre development lots located
on Route One at Cascade Falls South. What makes Cascades Falls South so attractive to
retailers and office users is that it is serviced by two traffic lights (one at the intersection
of Cascades Road and Route One and the other at the intersection of Route One and
Flag Pond Road) as well as an entrance off of Cascades Road. This area sees exceptionally
high traffic counts and—most importantly—the demographics within a 3.5 mile radius
include three communities: Saco, Old Orchard Beach and Scarborough. The Old
Orchard Beach area has summer visitors in excess of 2 million annually from all over
the Northeast and Canada. South Portland and Portland, Maine’s largest cities, are a 15
minute drive to the north.

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: York
Taxing Authority: Saco
Tax ID/APN: Map 62 Lot 1
Zoning: MU3
Property Located Between: Cascade Road and Flag Pond Road
Property Visibility: Excellent
Legal Description: York Co. Book 15023 Page 731
Largest Nearby Street: Route 1
Feet of Frontage: 760
Traffic/Vehicle Count: 9,940
Highway Access: I-95 (Maine Turnpike) via Route 1
Airports: Portland International Jetport
Site Description: Level, open
Lot Frontage: 760
Zoning Description: MU-3 Planned Mixed-Use District. The MU-3 classification is intended to allow for the development of high-quality mixed-use neighborhoods on either side of Route 1 with a wide range of both residential and nonresidential uses. The character of these neighborhoods is more urban than suburban, and the neighborhoods are organized around an internal street system rather than being primarily oriented to Route 1. The neighborhoods are pedestrian-friendly and include a high level of pedestrian and bicycle facilities that serve the neighborhoods and link them to other areas of the City and the Eastern Trail. A substantial portion of each neighborhood is set aside as open space, recreation areas, and conservation land.
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 20,981 52,020
Median Age: 44.78 42.12
Households: 9,243 22,334
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