Prime Corner Retail Location

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30819649
Property Subtypes: Day Care Facility, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Vehicle Related
Status: Pending
Building Size (RSF): 6,418 SF
Gross Land Area: 2.94 Acres
Sale Price: $2,295,000
Unit Price: $357.59 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 3/15/2023

Overview / Comments

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.

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 05200_R038011
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Payne and Gorham Road
Property Visibility: Excellent
Largest Nearby Street: Payne
Traffic/Vehicle Count: 10,262
Highway Access: I-95
Airports: Portland International Jetport
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1984
Construction/Siding: Vinyl Siding
Total Parking Spaces: 30
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central, Other
Lot Frontage: 488
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


Photograph of Listing Agent

Christopher Gallagher

The Boulos Company NECPE Member
Photograph of Listing Agent

Joseph Italiaander

The Boulos Company NECPE Member
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