1015 Portland Road

Closed 8/17/21
Closed 8/17/21
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Sold
Last Sold Price
$2,200,000
16,168 sqft$136/sqft
1015 Portland Rd, Saco, ME 04072
Mixed UseProperty Type
5.1 acresLot Size
$136/sq ftPrice per sq ft

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%.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%.
  • Listed by: Thomas Landry • Benchmark Real Estate
Listing closed: 08/17/2021 12:00 AM • Source: Maine Listings, MLS#: 1483777

Recent comparable sales

Median sold price

$250,000

Avg days on market

81

Sale-to-list ratio

86.9%

Saco, ME

9 comparable properties found

$1,950,000 | 800 Portland Road, Saco, ME 04072
1/14
1

$1,950,000

Sold 05/19/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
14.74
Acres

800 Portland Road, Saco, ME 04072

$220,000 | 5 June Drive, Saco, ME 04072
1/2
2

$220,000

Sold 05/21/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.7
Acres

5 June Drive, Saco, ME 04072

$209,900 | Lot 7 June Drive, Saco, ME 04072
1/8
3

$209,900

Sold 11/10/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.75
Acres

Lot 7 June Drive, Saco, ME 04072

$209,900 | Lot 8 June Drive, Saco, ME 04072
1/8
4

$209,900

Sold 09/11/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.73
Acres

Lot 8 June Drive, Saco, ME 04072

$282,000 | 77 Lincoln Road, Unit LOT 1, Saco, ME 04072
1/4
5

$282,000

Sold 11/14/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
4
Acres

77 Lincoln Road, Unit LOT 1, Saco, ME 04072

6

$250,000

Sold 01/10/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.71
Acres

1019 Portland Road, Saco, ME 04072

7

$395,000

Sold 07/28/26

Unavailable
Bedrooms
Unavailable
Bathrooms
1,650
Square Feet
0.04
Acres

11 Eastview Parkway, Saco, ME 04072

$299,000 | 4 Ben Way, Saco, ME 04072
1/5
8

$299,000

Sold 12/02/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.18
Acres

4 Ben Way, Saco, ME 04072

$185,000 | Lot 2 Memory Lane, Saco, ME 04072
1/4
9

$185,000

Sold 04/28/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.48
Acres

Lot 2 Memory Lane, Saco, ME 04072

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Location

Listing Courtesy of Benchmark Real Estate

Sold By Benchmark Real Estate

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Principal and Interest

$11,182

Property Taxes

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Property Information for 1015 Portland Road

Property Details
  • Taxes: $28,741 / year
  • MLS Type: Commercial / Mixed Use
  • County: York County
  • Zoning: MU-3
Building Information
  • Residences: 33
  • Lot Size: 5.10 AC / 222,156 SF
Summary
Location and General Information
  • Zip Code: 9675
  • Directions: Rt 1 Close to Cascade Road Intersection
  • Town: Saco
  • State/Province: ME
  • Zip Code: 04072
  • County: York
  • Geo Latitude: 43.55531
  • Geo Longitude: -70.403023
  • Tax Lot: 002
  • Location:Near Airport: Yes
  • Location:Near Shopping: Yes
  • Location:Near Turnpike/Interstate: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:Public: Yes
Parking
  • Parking Features: 21+ Spaces, On Site, Paved
  • Parking: 21 Spaces, On Site2, Paved3
Taxes and HOA Information
  • Tax Book Number: 4236
  • Tax Map Number: 64
  • Tax Year: 2020
  • Parcel Number: SACO-000064-000002
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $28,741.00
Property
Heating and Cooling
  • Heat Fuel: Gas Bottled, Oil, Propane
Lot Information
  • Lot Size Acres: 5.1
  • Building Area Total: 16168.0
  • Lot Size Area: 5.1
  • Lot Size Units: Acres
  • Lot Size Square Feet: 222156.0
  • Street Number: 1015
  • Property Information:Surveyed: Unknown
  • Property Information:Deed: Partial
Property and Assessments
  • Sign on Property: Yes
  • Leased Land: No
  • Property Type: Commercial
  • Property Type Label: Commercial
  • Property Sub-Type: Mixed Use
Utilities
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Water Source: Public
  • Other Equipment: Internet Access Available, Cable
  • Utilities:Utilities On: Yes
  • Gas:Bottled: Yes
Interior and Exterior Features
Interior Features
  • Interior Features: Storage
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): .00
  • Bathrooms Total (Notational): .00
Multi Family
Income & Expenses Information
  • Gross Income: $414,180.00
  • Operating Expenses: $138,374.00
Multi-Family Information
  • Number of Units: 33

Property History for 1015 Portland Road

DateEvent & SourcePriceAppreciation
Aug 17, 2021

Sold

Maine Listings #1483777

$2,200,000—
Apr 6, 2021

Pending

Maine Listings #1483777

—
Mar 15, 2021

Active Under Contract

Maine Listings #1483777

—
DateEvent & SourcePrice
08/17/2021

Sold

Maine Listings #1483777

$2,200,000
04/06/2021

Pending

Maine Listings #1483777

—
03/15/2021

Active Under Contract

Maine Listings #1483777

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1015 Portland Road

Taxable ValueLand$296,500Additions$2,903,600Total$3,200,100
Tax Record2025$45,441 ($3,787 / month)
Home Facts
Beds0Unfinished Basement SqFt2,824 SqFtLot Size248,728 SqFtStyleSingle Family ResidenceZoningPRCountyYORKAPNSACO M:064 L:002 U:000-000

Schools near 1015 Portland Road

This home is within Saco Public Schools.
Rating
School
Type
Grades
Distance
C K Burns School
Public - 3 to 5
Saco Middle School
Public - 6 to 8
Young School
Public - K to 2
Governor John Fairfield School
Public - K to 2
Rating
School
Distance
C K Burns School
Public3 to 5

Saco Middle School
Public6 to 8

Young School
PublicK to 2

Governor John Fairfield School
PublicK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1015 Portland Road, Saco, ME 04072
$2,200,000
–
–
16,168
222,156
1009 Portland Road, Saco, ME 04072
–
–
–
–
103,828
1019 Portland Road, Saco, ME 04072
$250,000
–
–
–
118,048
1017 Portland Road, Saco, ME 04072
$600,000
–
3
3,213
83,200
1021 Portland Road, Saco, ME 04072
–
–
–
–
100,188
14 Community Drive, Saco, ME 04072
–
–
–
81,369
273,016

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Listing Courtesy of Benchmark Real Estate

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.