Multi-Tenant Retail
1041 Brighton Avenue, Portland, ME 04102
For Sale
Contact for pricing
Fully occupied retail property with pylon signage, renovated parking, and multiple building improvements.
Property Size23,617 SF
Price / SF$211.71
Days on Market97
Property Features for 1041 Brighton Avenue
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Site & Location
Pylon Signage
Traffic Count
Building Details
Year Built
Buildings
Units
Tenancy
Listing Agency:
Malone Commercial Brokers
Listed By:
Mike Anderson · License ME #918812
(207) 358-7028
Source:
Crexi
Added: Aug 6
Changed: Nov 6
Last Checked: Nov 8 at 7:40AM
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 Malone Commercial Brokers
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 23,617-square-foot retail plaza, constructed in 1988, is fully occupied by twelve tenants. The multi-tenant configuration provides a range of retail spaces within one commercial property, with both building signage and a large pylon sign supporting tenant identification.
The property fronts Brighton Avenue, where traffic counts are approximately 25,000 cars per day, and sits across from Lowes. Rock Row in Westbrook and I-95 are nearby, adding established commercial and regional access context. The site is zoned B2 - Business Community.
Capital improvements include a parking lot renovation completed within the past few years, a substantial roof replacement section, and replacement of several HVAC units. The property combines existing retail occupancy with documented improvements to key site and building components.
The property fronts Brighton Avenue, where traffic counts are approximately 25,000 cars per day, and sits across from Lowes. Rock Row in Westbrook and I-95 are nearby, adding established commercial and regional access context. The site is zoned B2 - Business Community.
Capital improvements include a parking lot renovation completed within the past few years, a substantial roof replacement section, and replacement of several HVAC units. The property combines existing retail occupancy with documented improvements to key site and building components.
Key Highlights
- 23,617‑square‑foot retail plaza constructed in 1988
- Fully occupied multi‑tenant property with twelve (12) tenants
- Approximately 25,000± cars/day on Brighton Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$246,987
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,939,740
$4.9M
Cap Rate 7%
$3,528,386
$3.5M
Cap Rate 9%
$2,744,300
$2.7M
Market Conditions
NOI Build-Up for 23,617 SF
Gross rent
$425.1K $18.00/SF
− Vacancy
−$72.3K −$3.06/SF
EGI
$352.8K $14.94/SF
− OpEx
−$105.9K −$4.48/SF
NOI
$247.0K $10.46/SF
Area
Cumberland County, ME
Vacancy
17.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,939,740
Cap Rate 7%
$3,528,386
Cap Rate 9%
$2,744,300
Alternative Uses
Best Use
Retail
$3.53M
$3.09M – $4.12M
NOI $246,987 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.49M
$5.68M – $7.57M
NOI $454,380 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
25,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
299k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Groceries 22%
Shops & Services 22%
Apparel 15%
Chick-fil-A
Dining
70,318 visits/mo
0.4 miles
Market Basket
Groceries
66,877 visits/mo
0.5 miles
Kohl's
Apparel
42,884 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
24,885 visits/mo
0.1 miles
Jo-Ann Fabric and Craft
Shops & Services
23,281 visits/mo
0.1 miles
Demographics for 04102, ME
18,002
Population
8,633
Households
2.1
Avg Household Size
38
Median Age
62%
College-Educated
96%
High-School Grad
6.0 sq mi
ZIP Area
3,000
Density / Sq Mi
$79,631
Median Household Income
$47,898
Median Earnings
$1,435
Median Rent
$464,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Strip mall - Fully occupied retail property with pylon signage, renovated parking, and multiple building improvements.
Where is this strip mall located?
The property is located at 1041 Brighton Avenue Portland, ME.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 23,617‑square‑foot retail plaza constructed in 1988; Fully occupied multi‑tenant property with twelve (12) tenants; Approximately 25,000± cars/day on Brighton Avenue
