Mixed-Use Property with Commercial
For Sale
$1,995,000
626 Us Route 1, Scarborough, ME 04074
Historic residential quarters connect to professional workspace with a pool, garage, and paved parking near shopping.
Property Size9,000 SF
Price / SF$221.67
Days on Market59
Property Features for 626 Us Route 1
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Commercial
Lease Term
[]
Additional Details
Road Access
Yes
Building Details
Year Built
1750
Listing Agency:
Coldwell Banker Team Real Estate
Listed By:
Karen Tufts
(207) 712-5942
Source:
Portsiderealestategroup
Added: Aug 18
Changed: Oct 10
Last Checked: Oct 14 at 11:07PM
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 Coldwell Banker Team Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property combines a historic residential structure with attached commercial improvements. Built in 1750, the preserved home includes an inground pool, an entertainment area with bar and kitchenette, and an attached oversized three-car garage. A breezeway connects the residence to 2500 feet of professional commercial space.
The property encompasses 2.6 acres at 626 US Route 1 in Scarborough, within a business district near shopping. Commercial space is supported by 21+ paved parking spaces, public sewer, three-phase electrical service, a generator, and a security system. The site is zoned TVC and includes both residential and commercial components.
The property encompasses 2.6 acres at 626 US Route 1 in Scarborough, within a business district near shopping. Commercial space is supported by 21+ paved parking spaces, public sewer, three-phase electrical service, a generator, and a security system. The site is zoned TVC and includes both residential and commercial components.
Key Highlights
- 2.6‑acre mixed‑use property at 626 US Route 1, Scarborough, ME 04074
- Historic home built in 1750 with preserved post‑and‑beam construction
- 2500 feet of professional commercial space connected by breezeway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,845
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,576,900
$2.6M
Cap Rate 7%
$1,840,643
$1.8M
Cap Rate 9%
$1,431,611
$1.4M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$196.6K $21.84/SF
− Vacancy
−$24.8K −$2.75/SF
EGI
$171.8K $19.09/SF
− OpEx
−$42.9K −$4.77/SF
NOI
$128.8K $14.32/SF
Area
Cumberland County, ME
Vacancy
12.60%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,576,900
Cap Rate 7%
$1,840,643
Cap Rate 9%
$1,431,611
Alternative Uses
Best Use
Office B
$1.84M
$1.61M – $2.15M
NOI $128,845 @ 7.0% cap · market cap 6.46%
Second Best
Mixed Use
$1.60M
$1.40M – $1.86M
NOI $111,780 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$2.47M
$2.16M – $2.89M
NOI $173,156 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Explore this area
Business Placement
Demographics for 04074, ME
21,952
Population
10,561
Households
2.1
Avg Household Size
46
Median Age
58%
College-Educated
99%
High-School Grad
47.6 sq mi
ZIP Area
461
Density / Sq Mi
$125,642
Median Household Income
$55,955
Median Earnings
$1,821
Median Rent
$502,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic residential quarters connect to professional workspace with a pool, garage, and paved parking near shopping.
Where is this mixed-use property located?
The property is located at 626 Us Route 1 Scarborough, 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: 2.6‑acre mixed‑use property at 626 US Route 1, Scarborough, ME 04074; Historic home built in 1750 with preserved post‑and‑beam construction; 2500 feet of professional commercial space connected by breezeway
