Ground Lease For Redevelopment

Retail-Commercial for Sale
Sale Pending
Also listed as Office, Vacant Land
Catylist Listing ID: 30737512
Property Subtypes: Free-Standing Building, Retail-Pad, Street Retail, Other
Status: Pending
Building Size (RSF): 1,500 SF
Gross Building Area: See Agent
Gross Land Area: 0.50 Acres
Sale Price: $600,000
Unit Price: $400 PSF
Property Use Type: Vacant/Owner-User
Building Name: Frederick Bros
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/9/2022

Overview / Comments

Ground lease for redevelopment or utilize the existing freestanding, 1,500 sf retail/office building located on a highly-visible retail corridor of U.S. Route 1 in Scarborough.

1,500 SF retail/office building on a 0.5 acre
Located on U.S. Route 1 with direct access to the I-295 Connector for I-95
Close proximity to MaineHealth's Scarborough campus and Scarborough Town Center
Great visibility with traffic counts of over 27,795 cars/day
Sale Price: $600,000

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Taxing Authority: City of Scarborough
Tax ID/APN: 05200_U045018
Zoning: TVC
Retail Clientele: General, Family, Business, Traveler, Tourist, Other
Property Located Between: Adjacent to Sherwin Williams
Property Visibility: Excellent
Largest Nearby Street: I-295/I-95 Connector
Traffic/Vehicle Count: 27,795
Highway Access: I-295 and Maine Turnpike
Airports: Portland International Jetport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,500 SF
Property Condition: Good
Roof Type: Gable
Construction/Siding: Block, Vinyl Siding
Parking Type: Surface
Parking Description: On-site parking
Heat Type: Propane
Zoning Description: Town & Village Centers
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,621 18,841 87,807
Median Age: 41.67 44.25 39.5
Households: 1,085 7,971 39,186


Photograph of Listing Agent

Sasha Bogdanovics

The Boulos Company NECPE Member
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