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    106 Innovation Way Scarborough, ME 04074

    Sponsored
    For Lease
    $15 SF/Yr

    22,000 SF Flex Space in Scarborough Downs

    Lot size:
    22,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 22,000-square-foot Class A flex/warehouse space, built in 2024, is ideally situated in Scarborough Downs' Innovation District, offering high visibility on Innovation Way. The single-story building features 12 drive-in bays, 54 parking spaces, and 3-phase power. With a minimum divisible space of 7,000 square feet and a maximum contiguous space of 22,000 square feet, this property is perfect for a variety of uses, including light industrial, warehouse, retail, and office. The 1.68-acre lot boasts convenient access to municipal water and sewer, natural gas, and fiber optics. The space includes private restrooms, natural light, central air and heating, and is ready for immediate occupancy ("plug & play"). Its proximity to the new Scarborough Town Center, currently under construction and already boasting 261 sold or leased homes, ensures high traffic and visibility. The surrounding area is experiencing significant growth, with numerous new businesses planned, including light industrial, manufacturing, technology, service, restaurant, gas station, and retail establishments. The property is zoned CPD.

    Property Features for 106 Innovation Way

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,000 SF
    Class
    A
    Total Rate
    27500

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Light Industrial / Retail Condos
    Size
    22,000 SF
    Rate per SF
    $15

    HighLights

    • 22,000 square feet of Class A flex/warehouse space available for lease.
    • The property features 12 drive‑in bays and 54 parking spaces.
    • Building is new construction (2024), offering 7,000‑22,000 square foot divisible units, with 3‑phase power.
    • Located on Innovation Way in Scarborough, Maine's Innovation District, with high visibility and proximity to the new Scarborough Town Center.
    • Zoned CPD, ideal for mixed‑use, light industrial, warehouse, retail, and office uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Scarborough
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3538136
    Latitude
    43.608179

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    FAQs

    What type of property is this?
    Distribution property - 22,000 SF Flex Space in Scarborough Downs
    Where is this distribution property located?
    The property is located at 106 Innovation Way Scarborough, ME.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 22,000 square feet of Class A flex/warehouse space available for lease.; The property features 12 drive-in bays and 54 parking spaces.; Building is new construction (2024), offering 7,000-22,000 square foot divisible units, with 3-phase power.
    Request Owner's contact information
    106 Innovation Way Scarborough, ME 04074
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    Scarborough, ME 04074
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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
    106 Innovation Way Scarborough, ME 04074
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