28± Acre Development Site

Vacant Land for Sale
Catylist Listing ID: 30716873
Property Subtypes: Hospitality, Office, Retail, Other
Gross Land Area: 28 Acres
Sale Price: $525,000
Unit Price: $18,750 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/29/2021

Overview / Comments

This is an outstanding site for a Class A office facility with visibility from the Maine Turnpike combined with a natural environment setting complete with nature trails and outdoor picnic areas among the woods. The land and proposed building offer expansive views of the Nonesuch River. The site has easy access to Exits 6 and 7 of the Maine Turnpike and is located within one mile of the Maine Mall and I-295.

28 acres for development on Payne Road

Easy access from Exit 45 of I-95 and tremendous turnpike visibility

Less than 1 mile from the Maine Mall and in close proximity to Marden’s, Sam’s Club, Walmart, Lowe’s, Bob’s Discount Furniture, Home Goods and other Gallery Boulevard retailers.

Attachments & Media

Financials

Finance Data Year 2021
Assessed Value - Total($) $1,175,000 (Annual)
Real Estate Taxes - Annual($) $23,030 (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Taxing Authority: Town of Scarborough
Tax ID/APN: Map R38, Lot 6
Zoning: B3, B2, RP
Property Located Between: Across from Mussey Rd, near Ashley Drive and Bridges Drive
Property Visibility: Excellent
Largest Nearby Street: Maine Turnpike
Highway Access: Maine Turnpike Exit 45
Airports: Portland International Jetport
Site Description: Near retail and professional office districts
Zoning Description: General and Regional Business, Resource Protection
Topography: Level
Water Service: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,621 21,411 96,612
Median Age: 41.67 41.95 38.95
Households: 1,085 8,684 42,219

Contact

Photograph of Listing Agent

Daniel Greenstein

The Boulos Company NECPE Member
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