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Sable Oaks Development Opportunity
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505 Sable Oaks Dr, South Portland, ME 04106

4.99 acre commercial development site in South Portland, Maine.

Property SizeContact for details
Lot Size4.99 Acres
Days on Market150

Property Features for 505 Sable Oaks Dr

General Information

Standard status Active
Lot size 4.99 Acres
Property subtype Land
Zoning CS - Suburban Commercial
Listing Agency: CORE
Listed By: Clay Hardy · License #SA930400
Source: Crexi
Added: Mar 16 Changed: Aug 8 Last Checked: Aug 11 at 6:44PM

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 CORE

Investment Insights

Based on property information with market context.

This 4.99 acre commercial development opportunity is located within the Sable Oaks campus at 505 Sable Oaks Drive in South Portland, Maine. It offers a chance to develop an office, medical, or life science facility in a well-established business corridor. Conceptual plans are available for a three-story Class A building totaling up to 50,000 square feet, designed with approximately 225 parking spaces and strong visibility along Sable Oaks Drive. The parcel is zoned CS – Suburban Commercial, allowing for professional, medical, and institutional uses. The location is positioned minutes from I-95, I-295, the Maine Mall, and the Portland International Jetport, providing regional accessibility and benefiting from the surrounding Sable Oaks corporate campus environment. This offering is suited for a developer, owner-occupant, or institutional user to deliver a commercial project in a supply-constrained submarket.

Key Highlights

  • Rare 4.99± acre commercial development opportunity in the established Sable Oaks business campus.
  • Conceptual plans available for a three‑story, 50,000 SF Class A building with approximately 225 parking spaces.
  • Zoned CS – Suburban Commercial, allowing for a range of professional, medical, and institutional uses.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Plumbing Service Garden Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Catering Service Pet Grooming Service

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

Location Intelligence

Trade Area within ½ mile

399
Businesses Nearby

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - 4.99 acre commercial development site in South Portland, Maine.
Where is this commercial land located?
The property is located at 505 Sable Oaks Dr South Portland, ME.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Rare 4.99± acre commercial development opportunity in the established Sable Oaks business campus.; Conceptual plans available for a **three‑story, 50,000 SF Class A building with approximately 225 parking spaces**.; Zoned CS – Suburban Commercial, allowing for a range of professional, medical, and institutional uses.
More about this property
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