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Open-Air Shopping Center
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1 Freeport Vlg Sta, Freeport, ME 04032

Leasehold retail property with national retailers, structured parking, and available space for additional leasing.

Property Size122,121 SF
Lot Size3.60 Acres
Days on Market142

Property Features for 1 Freeport Vlg Sta

General Information

Standard status Active
Size 122,121 SF
Total Parking Spaces 520
Lot size 3.60 Acres
Property subtype Retail
Occupancy 73%

Site & Location

Anchor Co-Tenants L.L. Bean, Old Navy, Brooks Brothers, Coach, Skechers, Lindt, Oakley, Talbots, Carter’s, Famous Footwear
Highway Access Yes
Road Access Yes

Amenities

scenic landscaping
direct elevator access
prominent signage

Building Details

Year Built 2009
Tenancy Multi
Listing Agency: Tranzon Auction Properties
Listed By: Mike Carey · License #ME DB919594
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 7:27PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tranzon Auction Properties

Investment Insights

Based on property information with market context.

Freeport Village Station is an open-air shopping center developed in 2009 on a 3.6-acre leasehold interest. The property includes a 122,121+/- square foot retail plaza and a 520+/- space parking garage beneath the main retail area, with elevator access to all levels. L.L. Bean anchors the center with a LEED Certified outlet store, alongside retailers including Old Navy, Brooks Brothers, Coach, Skechers, Lindt, Oakley, Talbots, Carter’s, and Famous Footwear.

The center is positioned along Main Street in Freeport’s downtown district, across from L.L.Bean’s flagship retail campus and near an Amtrak station with service to and from Boston. Interstate 295 is approximately one-quarter mile away. The property is approximately 73% leased, while about 33,000+/- square feet is available, including a vacant movie theatre. National retailers represent nearly 63% of Gross Leasable Area and approximately 87% of rental revenue. A Town of Freeport TIF agreement supports continued parking-garage revenue through its expiration in 2026.

Key Highlights

  • 122,121+/- square foot open‑air retail plaza on a 3.6‑acre leasehold interest
  • 520+/- space parking garage with direct elevator access to all levels
  • Anchored by L.L. Bean’s LEED Certified outlet store

Property Analytics

Current Use

Freeport Village Station Shopping Center & Mall francesca's Clothing & Fashion Store Carter's Clothing & Fashion Store Oakley Vault (Bike/Boat/Book/etc) Store L.L.Bean Freeport Outlet Clothing Store

Suggested Use

Top Pick Auto Repair Shop Dental Office Pharmacy Storage Facility Building Supply Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

73%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

531
Businesses Nearby
115k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Apparel 50% Dining 41% Shops & Services 5% Hotels & Casinos 4%
McDonald's Dining
27,911 visits/mo 0.2 miles
American Eagle Outfitters Apparel
16,571 visits/mo 0.2 miles
Starbucks Dining
11,519 visits/mo 0.1 miles
Coach Apparel
7,454 visits/mo 0.1 miles
Domino's Pizza Dining
5,170 visits/mo 0.1 miles

Demographics for 04032, ME

8,737
Population
4,133
Households
2.1
Avg Household Size
47
Median Age
57%
College-Educated
94%
High-School Grad
34.7 sq mi
ZIP Area
252
Density / Sq Mi
$108,864
Median Household Income
$48,222
Median Earnings
$1,436
Median Rent
$445,800
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Similar Off Market Nearby

  • Freeport Antiques and Heirlooms Showcase 31 Main St, Freeport, ME 04032
  • L.L Bean Headquarters 15 casco st, freeport, me 04033
  • 35 Main Street Outlet 35 Main St, Freeport, ME 04032
  • Freeport Village Station 1 Freeport Village Station, Freeport, ME 04032
  • Sunglass Hut 1 Freeport Village Station, South St Ste 308, Freeport, ME 04032

Frequently Asked Questions

What type of property is this?
Shopping center - Leasehold retail property with national retailers, structured parking, and available space for additional leasing.
Where is this shopping center located?
The property is located at 1 Freeport Vlg Sta Freeport, ME.
What are key features of this property?
This property features: 122,121+/- square foot open‑air retail plaza on a 3.6‑acre leasehold interest; 520+/- space parking garage with direct elevator access to all levels; Anchored by L.L. Bean’s LEED Certified outlet store
(207) 776-1936 Call to check price and availability
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