Description
The City of Saco is offering a roughly 24‑acre parcel at 351 North Street, currently occupied by a public works facility, for sale and redevelopment. The city seeks a qualified developer to purchase the property “as‑is,” conduct any necessary environmental or zoning work, and implement a redevelopment plan that delivers economic‑development benefits, such as job creation and increased tax revenue. Proposals must include a statement of highest‑and‑best‑use, detailed development and business plans, financial capability proof, and an offer price. The existing 7,404 sq ft industrial building and a 15,646 sq ft garage may be retained (minimum $2 M purchase price) or demolished for a larger‑scale project (no minimum if projected value exceeds $10 M).
• 24‑acre industrial‑zoned site with existing structures, utilities, and imminent I‑95 access improvements.
• Mandatory “as‑is, quit‑claim” sale; buyer assumes all environmental, title, and zoning risks (Phase II ESA shows no regulatory exceedances).
• Tight schedule: site visits Jan 21‑24, questions due Jan 31, proposals due Feb 19, with interviews Feb 26‑28 and anticipated purchase negotiations in April 2020.