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    424 Payne Rd Scarborough, ME 04074

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    For Lease
    Contact for pricing

    Retail/office space in new development with high traffic visibility.

    Property size:
    1,928 SF
    Lot size:
    2.94 Acres

    Property Features for 424 Payne Rd

    General Information

    Size
    1,928 SF
    Lot size
    2.94 Acres

    Source: The Boulos Company Agent Gregory W. Boulos

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Retail/Office Development Space

    This property offers a 1,928 square foot suite available in a new construction retail/office development. The location provides excellent visibility at the intersection of Payne Road and Route 114, with traffic counts of 33,340 AADT. It is situated approximately 1.5 miles from the Maine Turnpike Exit 40 and about 10 minutes from downtown Portland. Nearby businesses include Walmart, Sam’s Club, Lowe’s, Hannaford, and O’Reilly’s Auto Parts. Dirigo Federal Credit Union will also be located in the development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Auto Repair Shop Building Supply Clothing Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Scarborough
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3518913
    Latitude
    43.6211271

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    FAQs

    What type of property is this?
    Retail space - Retail/office space in new development with high traffic visibility.
    Where is this retail space located?
    The property is located at 424 Payne Rd Scarborough, ME.
    What are key features of this property?
    This property features: - Excellent visibility at the intersection of Payne Road and Route 114 with high traffic counts (33,340 AADT).; - New construction retail/office development.; - 1,928± SF suite currently available.
    (207) 772-1333
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    424 Payne Rd Scarborough, ME 04074
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    Scarborough, ME 04074
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    424 Payne Rd Scarborough, ME 04074
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