Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    482 Payne Rd Scarborough, ME 04074

    For Sale
    $8,725,000

    Class A Office, 38,784 SF, $8.725M

    Property size:
    38,784 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A office building, located at 482 Payne Road in Scarborough, Maine, presents a compelling investment opportunity. The property boasts 38,784 square feet of space within a single, four-story building constructed in 1987. Situated on a 2.25-acre lot (APN: Map R037, Lot 041) and zoned B-2 Regional Business, this property offers ample parking with 157 spaces available. The building features a roof-mounted photovoltaic system with solar panels, contributing to energy efficiency. Its prime location at the corner of Payne and Cummings Roads offers excellent visibility and accessibility, being conveniently situated near I-295 and I-95, providing easy access to the Portland International Jetport, Maine Mall, and Downtown Portland. The property's strategic location allows for great signage options, ensuring high tenant exposure. Currently offered for sale at $8,725,000, this is a NNN lease type property. The building is owned by Cowabunga LLC. This is a rare opportunity to acquire a well-maintained, high-quality office building in a thriving Maine location. The property is ideally suited for a variety of businesses seeking a prominent presence in the Scarborough market.

    Property Features for 482 Payne Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    38,784 SF
    Class
    A
    Lot Size
    98,010 SF

    Building Details

    Year Built
    1987
    Buildings
    1
    Stories
    4

    HighLights

    • 9,696± SF of Class A office space available.
    • Excellent location at Payne and Cummings Roads, South Portland/Scarborough line, providing convenient access to I‑295, I‑95, Portland International Jetport, and Maine Mall.
    • High visibility with strong signage opportunities.
    • Features a roof‑mounted photovoltaic system.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Granite Bay Care, ... Association / Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Scarborough
    County
    Cumberland
    State
    Maine
    Longitude
    -70.346207475667
    Latitude
    43.627179961834

    Nearby Similar for Sale

    • $574,900
      3,000 SF

      Scarborough Income Property with Updates

      Updated income property with cash flow and rental history.
      19 Millbrook Rd, Scarborough, ME 04074
      View Details
    • $2,850,000
      11,799 SF

      Scarborough Event Venue Near Beach

      Versatile event space near Pine Point Beach in Scarborough, Maine.
      353 Pine Point Rd, Scarborough, ME 04074
      View Details
    • $495,000
      2,584 SF

      Scarborough Corner Lot Opportunity

      1.11-acre corner lot suitable for commercial or residential redevelopment.
      84 County Rd, Scarborough, ME 04074
      View Details
    • Contact for pricing

      Residence Inn Portland Scarborough

      78-room hotel in Scarborough, Maine available for sale.
      800 Roundwood Dr, Scarborough, ME 04074
      View Details
    • $750,000
      1,427 SF

      Scarborough Retail Opportunity on 4.4 Acres

      Retail property with farmhouse and barn on 4.4 acres.
      97 County Rd, Scarborough, ME 04074
      View Details
    • $5,000,000
      26,464 SF

      Fully Leased Retail Plaza

      26,464 SF retail plaza on US Route One.
      442 Us Route 1, Scarborough, ME 04074
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Class A Office, 38,784 SF, $8.725M
    Where is this office property / space located?
    The property is located at 482 Payne Rd Scarborough, ME.
    What is the asking price?
    The asking price for this property is $8,725,000.
    What are key features of this property?
    This property features: 9,696± SF of Class A office space available.; Excellent location at Payne and Cummings Roads, South Portland/Scarborough line, providing convenient access to I-295, I-95, Portland International Jetport, and Maine Mall.; High visibility with strong signage opportunities.
    Request Owner's contact information
    482 Payne Rd Scarborough, ME 04074
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    482 Payne Rd
    Scarborough, ME 04074
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    482 Payne Rd Scarborough, ME 04074
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.