Development Land / For Sale

Vacant Land for Sale
Catylist Listing ID: 30737268
Property Subtypes: Retail, Other
Gross Land Area: 6.36 Acres
Sale Price: $959,000
Unit Price: $150,786 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2021

Overview / Comments

DEVELOPMENT OPPORTUNITY WITH APPROVED SITE PLANS

6.36± AC rectangular commercial parcel

Over 400’ of frontage on Payne Road

The site has been approved by the Town of Scarborough for a 13,800± SF retail/service building

An outstanding retail/service site abutting The Downs (the former Scarborough Downs)

Immediately off Maine Turnpike Exit 42

SALE PRICE: $959,000

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 05200_R052004
Zoning: COMMERCIAL
Property Visibility: Excellent
Feet of Frontage: 400
Airports: Portland International Jetport
Site Description: LOT SIZE: 6.36± AC PROPERTY USE: Retail/Service FRONTAGE: 400’± on Payne Road
Lot Frontage: 400
Zoning Description: Commercial

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 13,988 76,457
Median Age: 40.15 39.51
Households: 5,513 32,940

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