937 Portland Rd

Retail Income Property

Dominant Retail Traffic Corridor. Prominently situated off of Route One, the primary artery between Scarborough and Saco, one of Maine’s busiest thoroughfares, featuring an average daily traffic count of 18,500 vehicles and hosting Saco's wealth of synergistic summer entertainment venues. Overview: Located at 937 Portland Road in Saco, Maine, this prime retail property presents an exceptional investment opportunity. With a total building size of 11,865 square feet and frontage on US-1, the property boasts high visibility and exposure, with a traffic count of 16,180 vehicles per day. Description: Featuring three long-term tenants, this property offers stability and consistent rental income. Currently leased at an average rate of only $13.74 per square foot, approximately 25% below market value, there exists significant potential for increased rental income upon lease renewal or renegotiation. Key Features: Strategic location on US-1 with high visibility. Three long-term tenants providing stable rental income. Opportunity to increase rental income by adjusting lease rates to market value. Potential for value enhancement through property improvements and management strategies. Market Information: Saco, Maine enjoys a robust retail market supported by a strong local economy and growing population. The property's location on a major thoroughfare ensures consistent foot traffic and visibility, making it an attractive investment opportunity.