First Floor Retail Space (Unit 1)

Retail-Commercial for Sale
Catylist Listing ID: 30873573
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Status: Under Construction
Condo? Yes
Building Size (RSF): 2,019 SF
Gross Building Area: 31,753 SF
Gross Land Area: 6.10 Acres
Sale Price: $325 PSF
Total Price: $656,175
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User, Business
Building Name: 10 Market Street at The Downs
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 7/15/2024

Overview / Comments

The Downs is once again offering a unique opportunity for end users to be involved in the most exciting mixed-use, master-planned development in the State of Maine. 10 Market Street at The Downs is a 31,753 ± SF three-story building that is planned to have 1,600 to 5,000± SF retail units on the first floor and 2,400 to 10,627± SF office units on the second and third floors.

Each unit would be part of a condominium association and available for purchase. This is a rare availability, to purchase and own a build-to-suit office or retail space of this size and scale in this prime location. Each space would be delivered in a "vanilla shell” condition (see broker for details) to allow each user to tailor the finishes of the space to their individual and business specifications. In addition to this anchor building, plans call for a 4,750± SF restaurant and a 2,750± SF coffee shop.

10 Market Street at The Downs is anticipated to be completed by the Fall of 2024. Please contact us to discuss the reservation process to secure a unit today.

- New construction built in 2024
- Zoned for Haigis Parkway district
- Ideal for retail or street retail investment
- Located in the Greater Portland area
- Consists of multiple separate units that can be combined to create a larger unit
- High visibility and foot traffic
- Modern and appealing storefronts
- Ample parking for customers

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 05200_R052004
Is Condo?: Yes
Zoning: HAIGIS PARKWAY DISTRICT
Retail Clientele: General, Family, Business, Traveler, Tourist, Other
Property Located Between: Haigis Parkway and Payne Road
Property Visibility: Excellent
Largest Nearby Street: Payne Road
Traffic/Vehicle Count: 23,600
Highway Access: I-95 and US Route One
Airports: Portland International Jetport
Site Description: Located at the corner of Haigis Parkway. This site is the gateway to The Downs Town Center
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 10,584 SF
Property Condition: Excellent
Year Built: 2024
Total Parking Spaces: 192
Parking Type: Surface
Passenger Elevators: 1
Heat Type: Electricity
Heat Source: Ceiling Units
Air Conditioning: Engineered System
Internet Access: Fiber Optic
Zoning Description: Haigis Parkway District – HP The area is within the Haigis Parkway Zoning District and is intended to be one of the gateways into Scarborough. Within the zone, the Town anticipates high quality uses such as office parks, hotels, small scaled retail, convention centers, places of cultural and civic assembly, high technology and research, and multi-family housing as part of mixed-use development
Part of Planned Development?: Yes
Lot Frontage: N/A
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,621 13,988 73,730
Median Age: 41.67 40.15 39.28
Households: 1,085 5,513 31,900

Contact

Photograph of Listing Agent

Drew Sigfridson, SIOR

The Boulos Company NECPE Member
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