Corner Duplex with Development
84 County Road Scarborough, ME 04074
For Sale
$495,000
1.11-acre corner lot with a two-story duplex, screened porch, detached garage, and a large yard/parking area.
Property Size2,584 SF
Lot Size1.11 Acres
Price / SF$191.56
Days on Market527
Property Features for 84 County Road
General Information
Standard status
Active
Size
2,584 SF
Lot size
1.11 Acres
Property subtype
Commercial
Building Details
Year Built
1778
Listing Agency:
Keller Williams Realty
Listed By:
Kirk Butterfield
(603) 433-3350
Source:
Greatislandrealty
Added: Feb 17, 2025
Changed: Jul 28
Last Checked: Jul 28 at 7:51AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This 1.11-acre corner lot includes a large two-story duplex with a screened-in farmer’s porch, along with a detached garage and a spacious yard/parking area. The property is positioned on Route 22 at a lighted intersection.
It sits in the Town & Village Centers Transition District, which allows for a range of commercial and residential uses, including retail, professional offices, and restaurants. The site is also near Route 114, with quick access to the Maine Turnpike and I-295, supporting strong visibility and traffic flow. Nearby businesses include Dunkin’, Aroma Joe’s, Nouria Convenience Store, Sirloin’s Butcher Shop, and 1st Stop Convenience Store, providing convenient retail adjacency for a redeveloped or renovated use.
It sits in the Town & Village Centers Transition District, which allows for a range of commercial and residential uses, including retail, professional offices, and restaurants. The site is also near Route 114, with quick access to the Maine Turnpike and I-295, supporting strong visibility and traffic flow. Nearby businesses include Dunkin’, Aroma Joe’s, Nouria Convenience Store, Sirloin’s Butcher Shop, and 1st Stop Convenience Store, providing convenient retail adjacency for a redeveloped or renovated use.
Key Highlights
- 1.11‑acre corner lot on Route 22 at a lighted intersection
- Large two‑story duplex on‑site with a screened‑in farmer's porch
- Includes detached garage plus a spacious yard/parking area
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.2k | $31.80 |
| − Vacancy | −$4.9k | −$1.91 |
| EGI | $77.2k | $29.89 |
| − OpEx | −$34.8k | −$13.45 |
| NOI | $42.5k | $16.44 |
2,584 SF · lease $31.80/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$652.3K
$570.8K – $761.1K
NOI $45,663 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$606.9K
$531.0K – $708.1K
NOI $42,483 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$710.2K
$621.4K – $828.6K
NOI $49,715 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - 1.11-acre corner lot with a two-story duplex, screened porch, detached garage, and a large yard/parking area.
Where is this duplex located?
The property is located at 84 County Road Scarborough, ME.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1.11‑acre corner lot on Route 22 at a lighted intersection; Large two‑story duplex on‑site with a screened‑in farmer's porch; Includes detached garage plus a spacious yard/parking area
