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    430 Gorham Rd South Portland, ME 04106

    Sponsored
    For Lease
    $28 SF/Yr

    Prime South Portland Retail Opportunity

    Lot size:
    30,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail property at 430 Gorham Road in South Portland, Maine, offers 30,000 square feet of space in a high-traffic location. Currently partially occupied by Books-A-Million, this property boasts two suites available for lease, ranging from 2,500 to 8,214 contiguous square feet. A significant 13,214 square feet is currently vacant, presenting a unique opportunity for expansion or multiple tenants. The property sits on a 2.32-acre lot and includes ample on-site parking, a key advantage for customers and employees. Built in 1995, the building is zoned CCR (Central and Regional Commercial District) within Cumberland County, providing flexibility for various retail and restaurant uses. Its strategic location next to Macy's at the Maine Mall ensures high visibility and access to a substantial customer base drawn from throughout New England and Canada. The Maine Mall's status as Maine's premier retail destination further enhances the property's appeal. In addition to the in-line retail space, a pad site is available for lease, suitable for a standalone building of 2,500 to 5,000 square feet, potentially including a drive-thru. This presents a versatile opportunity for a variety of businesses seeking a prominent location within a thriving retail environment. The property's size, location, and existing tenant provide a strong foundation for success.

    Property Features for 430 Gorham Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,000 SF
    Total Rate
    70000

    Building Details

    Year Built
    1995

    Unit(s) available at that property

    Space
    Pad site
    Size
    5,000 SF
    Rate per SF
    $28
    Space
    Space A
    Size
    8,214 SF
    Rate per SF
    $28

    HighLights

    • Excellent visibility and signage potential at Maine's premier retail destination.
    • Join Books‑A‑Million, Macy's, JC Penney, and Best Buy in a high‑traffic location.
    • 8,214± SF divisible in‑line retail space available for lease.
    • 2,500 - 5,000± SF pad site available for lease, potentially with drive‑thru.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Auto Repair Shop Wholesale Shop Hair Salon Spa & Massage Auto Parts Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3332417
    Latitude
    43.6360052

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    FAQs

    What type of property is this?
    Restaurant - Prime South Portland Retail Opportunity
    Where is this restaurant located?
    The property is located at 430 Gorham Rd South Portland, ME.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Excellent visibility and signage potential at Maine's premier retail destination.; Join Books-A-Million, Macy's, JC Penney, and Best Buy in a high-traffic location.; 8,214± SF divisible in-line retail space available for lease.
    Request Owner's contact information
    430 Gorham Rd South Portland, ME 04106
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    South Portland, ME 04106
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    430 Gorham Rd South Portland, ME 04106
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