1015 Portland Road

Closed 8/17/21
Closed 8/17/21
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Last Sold Price
$2,200,000
16,168 sqft$136/sqft
1015 Portland Rd, Saco, ME 04072

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%.
LISTING CLOSED: 08/17/2021 12:00 AM

  1. Listed by Thomas Landry • Benchmark Real Estate

Property Details for 1015 Portland Road

Status
Closed
MLS #
1483777
Days on Market
7
Taxes
$28,741 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Mixed Use
MLS Type
Commercial / Mixed Use
Year Built
-
Lot Size
5.10 AC / 222,156 SF
County
York County
Zoning
MU-3
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Location

Listing Courtesy of Benchmark Real Estate

Sold By Benchmark Real Estate

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Building Information for 1015 Portland Road

Stories-Residences33Year Built-Building Size-Lot Size5.10 AC / 222,156 SF

Payment Calculator

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$13,577 per month

30 year fixed, 6.55% Interest

Principal and Interest

$11,182

Property Taxes

$2,395

HOA Dues

$0

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Property Information for 1015 Portland Road

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
Saco Transition Program
Public - 9 to 12
Young School
Public - K to 2
Rating
School
Distance
C K Burns School
Public3 to 5

Saco Middle School
Public6 to 8

Saco Transition Program
Public9 to 12

Young 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

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.