Freestanding Retail Building with Pylon
130 Western Ave, South Portland, ME 04106
For Sale
$3,995,000
Freestanding retail building with newer roof and HVAC on a corner lot at a lighted intersection.
Property Size20,700 SF
Lot Size2.00 Acres
Price / SF$192
Days on Market103
Property Features for 130 Western Ave
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Corner Location
Pylon Signage
Traffic Count
Highway Access
Additional Details
Asking Price
Building Details
Building Size
Year Built
Listing Agency:
The Boulos Company
Listed By:
Chris Paszyc, CCIM, SIOR
(207) 939-4147
Source:
Boulos
Added: Jul 28
Changed: Nov 3
Last Checked: Nov 6 at 6:06AM
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 The Boulos Company
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Investment Insights
Based on property information with market context.
This freestanding retail building offers 20,700± SF of space on a 2±-acre lot. The property is positioned on the corner of Gorham Road and Western Avenue near Maine Mall, providing storefront visibility at a lighted intersection. Traffic counts average total 32,000± vehicles per day, and the property includes a freestanding roadside pylon sign.
The building features newer roof and HVAC and is described as being in excellent condition. Access is supported by proximity to major regional routes, including I-95 and I-295, with the Portland Jetport nearby.
The property also supports a wide variety of permitted commercial uses, making it suitable for a range of retail and other commercial tenants.
The building features newer roof and HVAC and is described as being in excellent condition. Access is supported by proximity to major regional routes, including I-95 and I-295, with the Portland Jetport nearby.
The property also supports a wide variety of permitted commercial uses, making it suitable for a range of retail and other commercial tenants.
Key Highlights
- 20,700± SF freestanding retail building
- 2± acres
- Corner of Gorham Road and Western Avenue at a lighted intersection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$216,481
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,329,620
$4.3M
Cap Rate 7%
$3,092,586
$3.1M
Cap Rate 9%
$2,405,344
$2.4M
Market Conditions
NOI Build-Up for 20,700 SF
Gross rent
$372.6K $18.00/SF
− Vacancy
−$63.3K −$3.06/SF
EGI
$309.3K $14.94/SF
− OpEx
−$92.8K −$4.48/SF
NOI
$216.5K $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%
$4,329,620
Cap Rate 7%
$3,092,586
Cap Rate 9%
$2,405,344
Alternative Uses
Best Use
Retail
$3.09M
$2.71M – $3.61M
NOI $216,481 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.69M
$4.98M – $6.64M
NOI $398,259 @ 7.0% cap · market cap 9.97%
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
32,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,040
Businesses Nearby
318k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Apparel 24%
Home Improvements & Furnishings 18%
Groceries 15%
T.J. Maxx
Apparel
60,541 visits/mo
0.5 miles
Hannaford
Groceries
48,944 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
37,627 visits/mo
0.2 miles
Olive Garden
Dining
32,067 visits/mo
0.3 miles
Buffalo Wild Wings
Dining
22,413 visits/mo
0.1 miles
Demographics for 04106, ME
26,641
Population
12,849
Households
2.1
Avg Household Size
41
Median Age
49%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
2,184
Density / Sq Mi
$83,744
Median Household Income
$47,818
Median Earnings
$1,642
Median Rent
$403,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Cumberland County, ME
Properties on Market for Retail space in Cumberland County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail building with newer roof and HVAC on a corner lot at a lighted intersection.
Where is this retail space located?
The property is located at 130 Western Ave South Portland, ME.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 20,700± SF freestanding retail building; 2± acres; Corner of Gorham Road and Western Avenue at a lighted intersection
