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Description

We are pleased to represent a truly unique and beautiful waterfront commercial property in Saco, Maine. This is an incredible development opportunity with 6.95+- acres of land and eight separate buildings with over 53,000 +- SF combined. The front 3.35 acres has over 347 feet of beach and ocean frontage. The largest building of approximately 41,868 SF was built in the early 1870's and has been used as a Convent and Inn since The Servants of the Immaculate Heart purchased this property in 1948. In addition, the Sisters who have resided here have rented rooms to summer visitors and groups on retreat for over 60 years. The main building has a 1st floor commercial kitchen with large dining rooms on each of the floors. There are numerous guest rooms and meeting rooms on each floor, with mostly common restrooms. The buildings and grounds have been impeccably maintained and offer some of the grandest ocean and beach views in Southern Maine. There are six other buildings on the front acreage that could easily be converted to other uses. The remaining 3.62 acre parcel potentially offers the opportunity for redevelopment, although part of that piece of the property is in Resource Protection and future development needs to be determined with the City. Future possibilities for the entire parcel encompass a variety of uses including residential single family subdivision of the property; maintaining the existing buildings and converting to condominium use; and/or possible redevelopment for a senior housing facility. Building price details: $3,600,000.

Property Details

• Type: Commercial (Other)
• Status: Available
• Buildings: 1

Map Locations