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    591 Us-1 Scarborough, ME 04074

    Sponsored
    For Lease
    $2 SF/Yr

    1 Acre Pad Site, High Traffic Area

    Lot size:
    43,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1-acre commercial land parcel presents a unique investment opportunity in Scarborough, Maine's thriving Dunstan Corner. Located at 591 US Route 1, this property boasts 290 feet of frontage on a highly visible corner lot at the intersection of Payne Road and US Route One, experiencing over 15,000 cars daily. The site shares a plaza with On The Vine, a well-established boutique grocery store, and enjoys the benefit of a lighted intersection for optimal accessibility. A Rite Aid is conveniently located directly across the street, further enhancing visibility and foot traffic. Zoned TVC (Town and Village Centers), this property offers flexibility for various development scenarios. Potential uses include ground lease, sale, or build-to-suit options, catering to a range of development preferences. The property's 43,560 square foot lot size provides ample space for a variety of commercial ventures, capitalizing on the rapid growth of this area within one of Cumberland County's fastest-growing towns. Shared parking is available within the plaza. This prime location offers unparalleled visibility and accessibility, making it an ideal investment for discerning developers and businesses seeking a strategic foothold in a high-demand market. The property is located in Cumberland County, Maine, with a Scarborough zip code of 04074.

    Property Features for 591 Us-1

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,560 SF

    Unit(s) available at that property

    Space
    591 US Route One
    Size
    43,560 SF
    Rate per SF
    $2

    HighLights

    • High‑visibility corner lot in a busy commercial area.
    • Shared plaza with The Vine Marketplace.
    • Excellent visibility due to lighted intersection.
    • Flexible ownership options available.
    • Annual lease rate: $90,000 NNN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Scarborough
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3866549
    Latitude
    43.5724275

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    FAQs

    What type of property is this?
    Land - 1 Acre Pad Site, High Traffic Area
    Where is this land located?
    The property is located at 591 Us-1 Scarborough, ME.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: High-visibility corner lot in a busy commercial area.; Shared plaza with The Vine Marketplace.; Excellent visibility due to lighted intersection.
    Request Owner's contact information
    591 Us-1 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
    591 Us-1 Scarborough, ME 04074
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