Prime Retail/Office Space

Retail-Commercial for Sale
Catylist Listing ID: 30856170
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Other
Building Status: Proposed
Condo? Yes
Building Size (RSF): 30,450 SF
Gross Land Area: 6.10 Acres
Sale Price: See Agent
Property Use Type: Net Leased Investment (NNN)
Building Name: 10 Market Street
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 2/26/2024

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 30,450 ± SF three-story building that is planned to have 1,500 to 5,000± SF retail units on the first floor and 3,000 to 10,150± SF office units on the second and third floors.

Each unit would be part of a condominium association and would be available for purchase. This is a rare availability, to be able 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.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 05200_R052004
Is Condo?: Yes
Zoning: HAIGIS PARKWAY
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: 10,150 SF
Property Condition: Excellent
Year Built: 2024
Total Parking Spaces: 192
Parking Type: Surface
Parking Description: 192 Spaces in-common
Passenger Elevators: 1
Heat Type: Electricity
Heat Source: Ceiling Units
Air Conditioning: Engineered System
Zoning Description: HAIGIS PARKWAY DISTRICT (HP) [8/21/96][Amended 06/20/12] The land immediately surrounding the Haigis Parkway between Payne Road and Route One is unique in its topography, water features, visibility, accessibility and road frontage. Its proximity to Exit 42 makes it highly desirable as a regional center for employment, entertainment, and cultural activities. The Haigis Parkway District is intended to be one of the gateways into Scarborough, and 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: 100
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 75,902
Median Age: 41.67 40.15 39.15
Households: 1,085 5,513 33,042

Contact

Photograph of Listing Agent

Drew Sigfridson, SIOR

The Boulos Company NECPE Member
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