Catylist ID:
#30373259
Innovation District at The Downs
Vacant Land
for Sale
Also listed as Industrial, Office
| Catylist Listing ID: | 30373259 |
| Property Subtypes: | Industrial, Office, Other |
| Building Status: | Under Construction |
| Gross Land Area: | 1 - 154 Acres |
| Sale Price: | See Agent |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 8/27/2023 |
Overview / Comments
|
The Boulos Company is pleased to present Innovation District at The Downs. Innovation District is a 154-acre, specially-zoned business park that is a key component of The Downs, a 524+/- acre mixed-use development featuring residential, retail and commercial neighborhoods. Innovation District provides a tremendous opportunity to locate in Maine’s first industrial/business park to be developed in over 25 years. For the end user, Innovation District at The Downs provides extensive advantages over a typical site search and build scenario. The developers at Innovation District have secured master plans, and all lots will be prepared for development including cleared, graded sites, road infrastructure in place and all utilities on-site. Utilities include three phase power, municipal water and sewer, stormwater, natural gas, and fiberoptics. The surrounding development of The Downs including residential units provides an employee base and a high level of amenities for businesses relocating to the park. The “innovative” design of the district includes lots that allow for 85% lot coverage, modest setbacks, multi-story development (up to 75’) for high floor area ratios to maximize value. The district also includes over 50 acres of open space, 2 miles of trails and sidewalks and bike lanes for recreation and wellness. Development has commenced within Innovation District with buildings fully constructed and businesses in operation. PROJECT HIGHLIGHTS • Land area of Innovation District: 154 acres • Zoning: Crossroads Planned Development (CPD) • Availability: Lots to accommodate 5,000 SF to 100,000+ SF businesses • Utilities included: - 3-phase power - Municipal water and sewer - Natural gas - Fiber optics - Stormwater systems • Condition: All lots prepared for development; cleared, graded, road infrastructure in place, and utilities on site • Flexible lot sizes to accommodate all business requirements for loading and parking • Accepting lot reservations immediately, see broker for more information. |
Attachments & Media
Additional Details
| Nearest MSA: | Portland-South Portland |
| County: | Cumberland |
| Taxing Authority: | Town of Scarborough |
| Tax ID/APN: | Map R52, Lot 4 |
| Zoning: | CPD |
| Property Located Between: | US Route 1 and Payne Road Scarborough |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Haigis Parkway |
| Highway Access: | Maine Turnpike via Haigis Parkway |
| Airports: | Portland Jetport |
| Site Description: | Innovation District at The Downs |
| Area Description: | New development |
| Zoning Description: | Crossroad Planned Development |
| Part of Planned Development?: | Yes |
| Development Name: | The Downs |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 13,988 | 69,794 |
| Median Age: | 40.15 | 39.76 |
| Households: | 5,513 | 29,744 |
Contact
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