PRIME CORNER RETAIL LOCATION

Retail-Commercial for Lease
Catylist Listing ID: 30819660
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Contiguous Space: 6,418 SF
Gross Building Area: See Agent
Gross Land Area: 2.94 Acres
Lease Rate: $90,000 (Annual)
$14.02 PSF (Annual)
Base Monthly Rent: $7,500
Lease Types: NNN
Last Updated: 12/1/2022

Overview / Comments

Existing building, ground lease, or build-to-suit opportunity for retail/medical user on 2.94± Acres.

Flexible layouts between 2,500 - 10,000± SF considered. Drive-thru options
are possible.

Corner lot at the intersection of Payne Road and Route 114.

Traffic counts: 10,262 AADT on Payne Road and 8,852 AADT on Route 114.

Nearby businesses include Walmart, Sam’s Club, Lowe’s, Hannaford's, Cumberland Farms, O’Reilly’s Auto Parts, and many more.

Ideal site for a national retailer.

Flexible zoning.

1.5 miles from Maine Turnpike Exit 40 and just 10 minutes from downtown Portland.

Expand All Available Space

Suite: 0 6,418 SF $90,000 (Annual) NNN
Level/Floor: 1
Space Available: 6,418 SF
Lease Rate: $90,000 (Annual)
$14.02 PSF (Annual)
$7,500 (Monthly)
Lease Type: NNN
Space Description: Large corner lot at the intersection of Payne Road and Route 114

Traffic counts: 10,262 AADT on Payne Road and 8,852 AADT on Route 114

Nearby businesses include Walmart, Sam’s Club, Lowe’s, Hannaford’s, Cumberland Farms, O’Reilly’s Auto Parts and many more.

Ideal site for a national retailer

Flexible Zoning

1.5 miles from Maine Turnpike Exit 40 and just 10 minutes from downtown Portland
Space Subcategory: Free-Standing Store, Medical
Date Available: 10/4/2022
Space Type: Relet
Tax Expenses $0.01 PSF (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: Map R038/ Lot 11
Zoning: B2 - REGIONAL BUSINESS DISTRICT
Property Located Between: Corner lot at the intersection of Payne Road and Route 114
Property Visibility: Excellent
Largest Nearby Street: Route 114
Traffic/Vehicle Count: 10,262
Highway Access: 1.5 miles from Maine Turnpike Exit 40.
Site Description: Traffic counts: 10,262 AADT on Payne Road and 8,852 AADT on Route 114
Area Description: Nearby businesses include Walmart, Sam’s Club, Lowe’s, Shaw’s, Cumberland Farms, O’Reilly’s Auto Parts and many more.
Tenancy: Single Tenant
Total Number of Buildings: 1
Year Built: 1984
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Zoning Description: To purpose of this district is to provide for general retail sales, services, lodging, restaurants, civic uses and general business space within the Town of Scarborough that serves both Town residents as well as the greater region. As development and/or redevelopment occur within the district, the visual environment is enhanced, traffic flow and safety are improved, and provisions for pedestrians are made.
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 20,032 105,353
Median Age: 41.67 40.59 38.84
Households: 1,085 8,159 45,943

Contact

Photograph of Listing Agent

Joseph Italiaander

The Boulos Company NECPE Member
Photograph of Listing Agent

Christopher Gallagher

The Boulos Company NECPE Member
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