Retail Shopping Center
For Sale
Contact for pricing
Pending
38 Starrett Dr, Belfast, ME 04915
Former Sears shopping center in a regional retail area, with a long-term land lease and Subway as the current anchor.
Property SizeContact for details
Days on Market144
Property Features for 38 Starrett Dr
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Magnusson Balfour Commercial
Listed By:
Michael Atienza · License #ME BA918689
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Aug 29 at 10:30PM
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 Magnusson Balfour Commercial
Investment Insights
Based on property information with market context.
The Belfast Mall is a retail shopping center located in the heart of a regional shopping area in Belfast. The property is identified as a former Sears site and is described as having a long-term land lease. Current anchor tenant is Subway.
The center is adjacent to other national and local retailers, including Hannaford, VIP, Dunkin Donuts, McDonald’s, and Ocean State Job Lot, along with other tenants.
This offering presents a centrally positioned retail complex with an established tenant anchor and a defined lease structure tied to the land lease arrangement.
The center is adjacent to other national and local retailers, including Hannaford, VIP, Dunkin Donuts, McDonald’s, and Ocean State Job Lot, along with other tenants.
This offering presents a centrally positioned retail complex with an established tenant anchor and a defined lease structure tied to the land lease arrangement.
Key Highlights
- Former Sears shopping center located in a regional shopping area in Belfast.
- Long‑term land lease associated with the property.
- Adjacent to multiple retailers, including Hannaford, VIP, Dunkin Donuts, McDonald’s, and Ocean State Job Lot.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 04915, ME
9,110
Population
5,192
Households
1.8
Avg Household Size
50
Median Age
44%
College-Educated
94%
High-School Grad
73.1 sq mi
ZIP Area
125
Density / Sq Mi
$59,083
Median Household Income
$39,267
Median Earnings
$1,009
Median Rent
$261,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Shopping center - Former Sears shopping center in a regional retail area, with a long-term land lease and Subway as the current anchor.
Where is this shopping center located?
The property is located at 38 Starrett Dr Belfast, ME.
What are key features of this property?
This property features: Former Sears shopping center located in a regional shopping area in Belfast.; Long‑term land lease associated with the property.; Adjacent to multiple retailers, including Hannaford, VIP, Dunkin Donuts, McDonald’s, and Ocean State Job Lot.
